Quote:
Originally Posted by Centropolis
i dont know enough about this shit to speak with any authority - but i really get the sense that london facilitates all of the things that wealthy people do but don’t talk about in polite company. i mean i doubt someone who has done business or their books in the City their entire life is going to pack up for Manhattan or Frankfurt and try to explain everything and hope none of it will end up in the paper.
so i imagine whatever that part is - is safe.
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A grain of truth in what you say but it is also possible to explain it by saying that London excels at the more arcane hidden things....not of necessity shadey but arcane
Most people don't know that Forex is by far the biggest market of all.....dwarfing equities on daily position opening and closing. The London window is the busiest. Insurance, Commodities, legal expertise....all facilitated in London to a far greater extent than elsewhere.