Shell-shocked derivs traders add reg worries to post-Brexit blues

London parliament px230 for gc
By Dan Alderson
24 Jun 2016

The UK’s decision to quit the EU has dealt an immediate hit to currencies, credit and equities, but also puts key components of the European derivative market in doubt.

The unexpected Brexit result sent shockwaves through derivative markets on Friday, but these markets did fare better than had been projected. Several sources claimed that the full effect of the UK’s decision is yet to sink in and that worse could follow next week.

Beyond immediate political uncertainty, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial