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London loses status as derivatives trading hub, even before Brexit

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New York has overtaken London as the biggest centre for off-exchange derivatives trading  because trading in US dollar derivatives surged at the same time that trading in euro contracts collapsed.

London

AS London's financial industry braces for Brexit, a new report shows that the city has already lost its leadership in at least one key market. New York has eclipsed London as the biggest centre for off-exchange derivatives trading.

New analysis from the Bank for

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