File photo of Boris Johnson making his Vote Leave speech in Preston, Lancs., along with Michael Gove and Priti Patel as they bring their Brexit roadshow to the Lancashire city. 1 June 2016. The bus used in the Vote Leave campaign has now been bought by Greenpeace.

Another company is moving away from UK due to Brexit

As the date to leave the EU comes ever closer another company is jumping ship before Brexit actually begins.

This time it is Thomson Reuters who have said they will shift their foreign exchange derivatives trading to Ireland.
The outfit will relocate to Dublin so they can continue to do business within the EU.

There are fears of a mass exodus of companies, especially in financial services, in the run up to Brexit.

A spokesperson said: “Thomson Reuters has commenced the process of applying to the Central Bank of Ireland for authorisation to operate its FX Multilateral Trading Facility from Dublin rather than London as a result of the UK’s planned departure from the European Union.”

“It is our intention to transfer all existing client relationships of the Thomson Reuters MTF and Dealing, as well as Fixed Income Callouts and Auctions, from RTSL to our new Irish legal entity ahead of the Brexit date.”

Derivatives trading volumes on Thomson Reuters platform exceed $300-billion a day.

Britain lowers expectations for Brexit

The Brexit assessments the Government didn’t want released have been published – now everyone can see what they were hiding

Leave a Reply