In today's national press (26/2/19) there is a statement from the governor of the BoE, Mark Carney, stating that the US and the UK have struck a deal to ensure the continuity of derivatives trading whatever the outcome of Brexit.

Derivatives may seem far removed from the everyday concerns of households and businesses, but they are essential for everyone to save and invest with confidence.

The US and the UK host 80% of this market representing 1.2 trillion of notional value every day.

The EU regulator, the European Securities and Market Authority, has said it will allow UK clearing houses to continue to provide services to the bloc in the event that Britain leaves without a deal.

London is and will remain a global centre for derivatives trading and clearing.

Don't you wish you were a derivatives trader instead of manufacturing, farming or out catching fish?

Rodney Best

Doncaster Road