Amsterdam's stock exchanges traded 9.2 billion euros $11.15 billion a day in January to displace London, which traded 8.6 billion euro, as Europe’s biggest share trading center after the Brexit.
London averaged 17.5 billion euros in daily trades in 2020 when Frankfurt was second with 5.9 billion and Amsterdam sixth at 2.6 billion, Cboe said.
Finance accounted for more than 10 percent of UK's tax receipts before Brexit.
Exchange officials see the shift to Amsterdam to be permanent due to the EU's position that euro-denominated shares traded in the EU.
However, the gap may narrow with trading in Swiss shares, resuming in the UK this month. Trading of Swiss shares in London stopped in June 2019.
Platforms in Amsterdam and Paris accounted for a quarter of the euro rate swaps market in January, up from just 10 percent in July.
Over the same period, London’s share plunged from under 40 percent to just over 10 percent with US platforms doubling volumes to 20 percent of the euro swaps market.
