The London Stock Exchange (LSE. L) said its pan-European platform, Turquoise, would move euro-denominated stock trading to the newly established Dutch centre if Britain did not agree to withdraw from the EU on Friday.
The LSE said in its announcement that British, Swiss and American stocks will remain on the existing London platform. In a statement Monday, LSE said Turquoise was committed to providing a full range of shares on the UK platform.
LSE also said that Turquoise intends to reintroduce EEA shares on the London platform this year if Britain withdraws from Europe hard on April 12.
LSE's preparations are similar to those announced on Friday by Cboe (CBOE.Z), Europe's largest pan-European trading platform.
Cboe has decided to offer all stock transactions in London and Amsterdam after regulators argued over where stocks could be traded if Britain withdraws from Europe on April 12 without a delay or a transitional agreement with the European Union.
The industry is waiting to see if UK market regulators will limit where stocks can be traded if there is no agreement to withdraw from Europe.
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