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Business

London based exchanges are preparing to delist Swiss stocks in EU

epa07476287 A general view on illuminated City of London in London in Britain, 19 February 2019. The City, known as The Square Mile, is the historic centre and the primary central business district of London. EPA-EFE/NEIL HALL

London-based exchanges are preparing to delist Swiss stocks this week after financial markets became entangled in a deteriorating row between Switzerland and Brussels over their relationship. CBOE Europe, the EU’s largest share trading venue, said late on Monday that it would stop offering trading in more than 230 Swiss companies including UBS and Novartis from July 1, unless one side conceded in a dispute over a new economic relationship covering everything from financial markets and jobs to the movement of people.

Via Financial Times 

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