Approval will allow European-based clients to continue trading on the EquiLend platform without the interruption of the UK’s exit from the EU.
Major UK stocks including Vodafone and Coca-Cola would have to be traded within the EU in ‘no-deal’ Brexit scenario under the share trading obligation.
Cboe and Turquoise have established EU entities in Amsterdam, while Aquis Exchange set up its new EU base in Paris.
US exchange operator CME will transition some BrokerTec and reporting services from the UK to the Amsterdam entity.
Pending regulatory approval, futures broker RJ O’Brien has said it will establish an office in Paris to build its European client base.
Cboe will operate an MTF and APA from Amsterdam as the UK’s departure from the European Union grows closer.
Asset manager established Irish-based management firm in January as part of Brexit contingency plans.
DTCC gained approval back in 2013, along with counterparts Regis-TR, UnaVista, CME and ICE.
The AFM has granted approval for MarketAxess to establish an EU-base in Amsterdam to continue servicing clients post-Brexit.
Regulators have agreed on measures to provide a “bridge over Brexit” for derivatives trading and clearing in the UK and US.