Amsterdam and Dublin have been cited as potential relocation options
Brexit could see UK-based proprietary
trading firms forced to move to new European homes or add new
satellite sites in member nations to continue trading on
European exchanges, experts have warned.
"There will be changes but it is still
hard to predict when/where/how these will emerge. If an exodus
of London based prop will happen Amsterdam and Dublin will be
most likely destinations," Harold Duineveld, managing director
at tech-driven prop trading firm, Audacity Capital DMCC, told
"In general, founders of prop firms and
their management teams, are quite flexible and able to unplug
their businesses from any location. So I am sure that when the
dust has settled and politicians and regulators have done their
bit, the prop communities will flock to areas where there is
the least resistance to continue their businesses," he
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.