Vast Euro-Derivatives Market, Centered in London, Is Set to Fragment as End of Brexit Transition & Uncertainties Loom

by Wolf Richter, Wolf Street: It shouldn’t “create risks to the stability of the financial system,” which is soothing to know. About 43% of the $9.4 trillion in daily global derivatives trades tracked by the Bank for International Settlements are executed in the U.K. A large chunk of them are euro-denominated, but some of those […]