U.S.-based derivatives marketplace CME Group Inc. said it moved its euro-denominated government bond, repurchase agreement and foreign exchange trading to Amsterdam from London, Reuters reported March 18.
CME's Netherlands-based unit CME Amsterdam BV earlier secured approval from the Dutch finance ministry to operate trading platforms in Amsterdam. CME aims to avoid Brexit-related business disruptions through the move.
Additionally, U.K.-based share trading platform Cboe Europe Ltd. is "closely monitoring" political discussions over Brexit, and plans to move euro-denominated share trading to a new Amsterdam-based unit from London, the report said, with trading due to start April 1.