Thomson Reuters, which operates trading systems for financial institutions around the world, is moving its foreign exchange derivatives trading business to Dublin from London. The company said it was moving so that post-Brexit it would still be regulated by European Union rules and could continue to sell into the EU.
The owner of the New York Stock Exchange is set to take control of a key scandal-hit bank interest rate. NYSE Euronext has won the contract for setting the London Inter-bank Offered Rate (Libor), a government-backed committee announced. Libor is used to set trillions of dollars of financial contracts.