Cboe Europe Ltd. will launch its Amsterdam operations for share trading across the EU on Oct. 1 as planned, regardless of whether or not Brexit will take place Oct. 31, the Financial Times reported.
The European unit of Cboe Global Markets Inc. intends to offer trading in all securities in both London and Amsterdam after Britain leaves the EU. Cboe will trade U.K. and EU-27 stocks in London and only EU stocks in Amsterdam after October, according to the FT.
It comes as lawmakers in the U.K. House of Commons voted to take control of the legislative agenda from Prime Minister Boris Johnson, setting up a new vote Sept. 4 on legislation seeking to delay Brexit in the absence of a deal.
With the U.K. expected to work on its own rival list of EU-based stocks that can be traded only in London in the case of a no-deal Brexit, Cboe "may as well try and get our entities going and see how they respond," Cboe Europe President Mark Hemsley told the newspaper.
