Money managers warned that retail investors would pay the price for a European Union policy that would block some equity trading on London exchanges in a no-deal Brexit.
The European Union’s regulatory decision March 19 “may leave firms unable to efficiently trade in the market and at the very least will lead to significant operational issues for firms executing orders,” according to Chris Cummings, chief executive of the Investment Association, whose 200 members manage more than 7.7 trillion pounds ($10.2 trillion).
“For retail clients, this means they won’t get the best possible price on those trades and could find themselves ...
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