Europe's largest stock exchange company picks Amsterdam for post-Brexit headquarters
American stock exchange company Cboe Global Markets - the largest stock exchange company in Europe - is planning to move to Amsterdam. With the United Kingdom leaving the European Union, Cboe has to move its head office to be able to still serve the European market, the company announced in a press release.
Cboe applied for approval from the Netherlands' authority on financial markets AFM. According to the company, the choice of the Netherlands came after "thoughtful and careful consideration of a number of locations that have strong international financial market centers".
“We believe that the Netherlands is supportive of competitive and open financial market infrastructure and we feel Amsterdam is a fantastic location to establish our EU venue", Mark Hemsley, CEO of Cboe Europe, said. "We have longstanding and good relations with the AFM and De Nederlandsche Bank which have a deep understanding of the equities and derivatives markets."
The London office will continue to exist, to provide services on the UK market.
Cboe is not entirely new to Amsterdam - the company has a share in the Amsterdam-based clearinghouse EuropCCP.
Amsterdam is a popular choice among companies and organizations looking for a new European base due to the Brexit. Financial service providers Tradeweb Markets, Radix Trading and Hard Eight Trading opted for Amsterdam for their headquarters. As did the European Medicines Agency and Japanese bank MUFG. Unilever's headquarters will be based in Rotterdam.