An American bond and derivatives trader has become the second financial services company to start operations in Amsterdam in the wake of the Brexit uncertainty.
Tradeweb said on Thursday it would open an office in Amsterdam and last Friday made a formal request for a trading licence to the Dutch financial services watchdog AFM.
The US firm currently bases its European operations in London, and will retain that base after Brexit, a spokeswoman told Reuters news agency. The Amsterdam office will become the electronic trading hub for its EU-based clients.
The company says it will benefit from Amsterdam’s regulatory environment and infrastructure.
Last month, trading venue MarketAxess said it is setting up a unit in Amsterdam in order to keep European access after Britain leaves the EU. MarketAxess also said it would benefit from the Dutch regulatory environment.
Japanese bank Mitsubishi UFJ Financial Group, which already has an office in Amsterdam, is also planning to open a new EU base for investment banking operations in Amsterdam, the Financial Times said on Monday.
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