Traders Magazine
What financial exchanges are contemplating moving jurisdictions, and why?
It’s public knowledge that financial exchanges on both sides of the Atlantic Ocean are at least discussing the possibility of relocating to new jurisdictions, albeit for different reasons. In the United Kingdom, exchanges are concerned about the regulatory implications of “Brexit,” and have said they’re researching the process of shifting operations to mainland Europe. In the United States, financial transaction taxes are being debated at the state level currently, such as in New York, and exchanges are considering moving should those taxes be implemented.
Can you explain your role is at IPC, and how it gives you perspective on the issue of exchange relocations?