About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Talking Intelligent Trading with Andrew Delaney: The British Love a Good Farce

Subscribe to our newsletter

A week after the referendum sent us into Brexit, there remain more questions than answers on what will become of the UK and – more pertinently for us – the City of London’s trading community. No-one truly knows how this will play out. We may collectively remain in the dark for some time.

Many Remainers seem to be consoling themselves that nothing will happen for two years, which is how long the UK has to negotiate its exit once Article 50 is submitted to the powers that be. That may or may not be the case, but my big fear is that we are entering an extended period of stasis, as participants delay much-needed investment until the dust settles (whatever that means).

The FCA earlier this week told financial institutions to continue full speed ahead with their preparations for new regulatory requirements – most notably in our space MiFID II. That’s encouraging, and surely helpful should the City’s institutions find themselves seeking to enter the EU’s single market once we’ve Brexited.

Whether trading technology investment will continue apace remains to be seen. But I’ve been discouraged to hear that German regulator Bafin has ruled out the possibility of the merged LSE-Deutsche Boerse locating its headquarters outside of the single market. This statement came on the back of the news that clearing in euro-denominated transactions will move from London to other European centres once the UK leaves (and most probably before).

From where I’m sitting here on the Isle of Dogs (formerly known as Canary Wharf South), it all feels a bit gloomy. I’m sure the typically British weather doesn’t help. Let’s hope I’m wrong.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Navigating the Build vs Buy Dilemma: Cloud Strategies for Accelerating Quantitative Research

Date: 20 May 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes For many quantitative trading firms and asset managers, building a self-provisioned historical market data environment remains one of the most time-consuming and resource-intensive steps in establishing a new research capability. Sourcing data, normalising symbologies, handling corporate actions and maintaining...

BLOG

15 Regulatory Transaction Reporting Leaders, Europe – (2026 Edition)

Transaction reporting in Europe is no longer a question of meeting submission deadlines – it is a question of evidencing control. Core regimes such as MiFIR and EMIR have been in force for several years, but supervisory focus has shifted decisively from completeness toward data quality, reconciliation, and traceability. The EMIR Refit go-live in April...

EVENT

Eagle Alpha Alternative Data Conference, Spring, New York, hosted by A-Team Group

Now in its 9th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Applications of Reference Data to the Middle Office

Increasing volumes and the complexity of reference data in the post-crisis environment have left the middle office struggling to meet the requirements of the current market order. Middle office functions must therefore be robust enough to be able to deal with the spectre of globalisation, an increase in the use of esoteric security types and...