The United Kingdom plays a major role as an issuing and trading centre on the bond market, too, not least for international bonds that were not issued in the borrower’s home market. The outstanding volume of securities issued in the United Kingdom by non-resident borrowers, primarily financial institutions, stands at around $ trillion.
That’s the highest value worldwide, and more than a quarter of that figure is euro-denominated. On the equity market, market capitalisation on the London Stock Exchange is around double that on the Deutsche Börse, the leading continental European exchange. Comparing monthly exchange trading volumes, London outstrips Frankfurt by over 60 percent.