Swiss spat with EU prompts London curbs on country’s shares

Luxembourg Times | Jun 25, 2019 at 6:46 PM
  • With no signs of a resolution to a political spat between the European Union and Switzerland a week before a key deadline linked to the country’s stock market, the finance industry is bracing for the potential fallout.
  • London-based trading venues run by UBS Group, Aquis Exchange and CBOE Global Markets warned clients that they will exclude securities by Swiss issuers starting next week if Switzerland is left to defend its stock market against punitive EU measures.
  • In practice, that would drain liquidity in Swiss shares from trading venues in the EU, such as those based in London and owned by companies including London Stock Exchange Group, CBOE and Aquis.