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London traders see post-Brexit 'market fragmentation'
By EUobserver
City of London bankers are losing hope in normal rights to trade in euro-registered shares in the wake of Brexit. "This is the beginning of market fragmentation," Conor Lawlor, director for Brexit at UK Finance, a bankers' group, told a British parliament hearing Tuesday, after €6bn of trades shifted from London to Amsterdam and Paris in one day last Monday. The EU had no incentive to open up, he added.