LONDON (Reuters) - The London Stock Exchange’s pan-European share trading platform, Turquoise, opened for trading on Monday, a spokeswoman for the exchange said, joining two rival operators.
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017.
Two other London-based share trading platforms, Cboe and Aquis Exchange, have opened so-called Brexit hubs in the EU to trade shares denominated in euros.
Cboe, Euronext and LSE Group vie to be the largest pan-European share trading platform, each having roughly 20% of the market on any given day.
While opening alternative trading platforms in the EU won’t lead to many jobs leaving London, other trading-related activities, such as clearing and settlement, are also likely to move over time.
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