Thomson Reuters is planning to move a key trading platform from London to Dublin to ensure it can continue operations in the European Union after Brexit — joining the growing number of financial services firms heading to the Irish capital. Thomson Reuters is applying to the Central Bank of Ireland for approval to operate its foreign exchange multilateral trading facility in the city. MTFs are a type of trading platform introduced under the Markets in Financial Instruments Directive that offer an alternative to traditional...
Thomson Reuters has asked the Central Bank of Ireland for permission to move its foreign exchange multilateral trading facility (MTF) from London to Dublin. The Irish central bank said it had received a request by the British government and would consider it. It follows similar moves by Principal Global Investors and Bank of America Merrill Lynch. Thomson Reuters' spot market and post-trade services will remain UK-based.