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London loses crown as Europe’s stock-trading hub
London has lost its top spot to Amsterdam as the center for stock trading in Europe. It’s the latest blow to the city just a month after the U.K.’s divorce from the European Union was finalized. Trading volumes in January rose fourfold in Amsterdam to more than $11 billion dollars per day, while London’s volume fell to $10.4 billion, according to data from Cboe, one of the world’s largest exchange operators. Financial services is a key driver of the U.K. economy, but so-called equivalence rules about how the industry works its European counterparts were largely left out of the last-minute Brexit deal struck ... (full story)