UK stock exchange: your full guide 2023
The UK Stock Exchange, or as it is called, the London Stock Exchange, is the main stock market for the United Kingdom, the largest in Europe, and one of the oldest stock exchanges in the world.
In order to create the London Stock Exchange Group, the Milan Stock Exchange, Borsa Italiana, and the London Stock Exchange combined in 2007.
The full history of UK stock exchange
With a history spanning more than 300 years, the London Stock Exchange is among the oldest stock exchanges in the world.
The London Stock Exchange (LSE), like many other financial organizations in Britain, was not established by the government but rather grew spontaneously.
A group of stockbrokers who had been conducting business in the local coffee shops formally created the exchange in 1773.
Because stockbrokers were regarded too impolite to be admitted into the Royal Exchange, which was founded as the City’s centre of business in 1571, this arrangement was in effect for more than a century.
John Castaing established the trading of securities in London in 1698 by beginning to publish a list of prices for stocks and commodities at the most well-known of these locations, Jonathan’s Coffee House.
A rule book was issued ten years after a group of stock market participants gathered funds for the construction of a structure in Capel Court in the City in 1801.
In 1830, when the electric telegraph started relaying prices through ticker tape, the flow of financial information underwent a radical change.
Due to the exchange’s five-month shutdown at the start of the war and its ensuing restrictions, about 1,000 members had gone by 1918.
The LSE was bombed in 1940, forcing a six-day closure at the beginning of World War II.
In the late 1950s, when the business was booming, so the LSE started seeking for larger facilities. The 26-floor Stock Exchange Tower was constructed starting in 1967, and it was completed and inaugurated in 1972.
The LSE had possibly its biggest restructuring throughout the 1980s. The distinction between jobbers and brokers was eliminated, and screen-based trading took the place of open outcry trading, thanks to a series of reforms that the Thatcher government called the “Big Bang.”
nowadays UK stock exchange completes the all-share acquisition of Refinitiv to create a leading global financial markets infrastructure and data provider.
UK stock exchange rules and regulations Securities
The Rules of the London Stock Exchange (“the rules”) apply to all LSE member companies, and they must be followed at all times.
In order to be ready for the introduction of the Markets in Financial Instruments Directive (MiFID or “the Directive”), the rules were completely modified in 2007.
The regulations were also when feasible made simpler to make them more approachable in the new Rulebook, which also brought them closer to the framework of the trading system.
With a few exceptions, all member firms must abide by the fundamental regulations, which cover membership categories, authorization, general suitability, and other standard criteria like notifications and trading records.
The fundamental guidelines are broken up into several sections, including:
1- Member firms
2- Member firm services
3- Compliance and enforcement
4- Fees and charges
5- Generally Accepted Practices
6- Systems and trading.
The general conduct regulations involve system testing, share price manipulation, and conduct and prohibited actions.
The regulations governing systems and trading apply to issues with member company systems, regulatory pauses, market conditions, when issued dealing, and conditional transactions.
UK stock exchange trading hours
There are no public hours for the London Stock Exchange. The UK Stock Exchange trading hours are from 8:00 am to 4:30 pm.
The old practice of open outcry on the stock exchange trading floor was replaced with electronic trading after deregulation, sometimes known as the “Big Bang,” in 1986.
What is FTSE 100?
FTSE is an acronym for the Financial Times and the LSE, its original parent companies. The FTSE is now owned and maintained by the London Stock Exchange Group
The Financial Times Stock Exchange 100 Index, usually known as the FTSE 100 Index or colloquially as the “Footsie,” is an equity index that includes shares from 100 different firms.
the 100 listed companies on the London Stock Exchange having the biggest market capitalization (in theory). The FTSE 100 accounts for more than 80% of the market capitalization of the LSE.
The market capitalization of each stock listed on the London Stock Exchange is taken into account while calculating the FTSE 100.
Stocks with larger market capitalisation are given more weight in the FTSE 100 and as a result, their impact on the index’s price movements is greater.
Each company’s market capitalization is examined once every three months, and the index is modified as appropriate.
The FTSE 350, FTSE SmallCap, FTSE All-Share, and the FTSE 250 are further UK indices.
For smaller, developing businesses held by the London Stock Exchange, known as AIM stocks, FTSE additionally offers three indices. FTSE AIM UK 50, FTSE AIM 100, and FTSE AIM All-Share are a few of them.
UK stock exchange other UK indices
The FTSE 350, FTSE SmallCap, FTSE All-Share, and the FTSE 250 are further UK indices.
For smaller, developing businesses held by the London Stock Exchange, known as AIM stocks, FTSE additionally offers three indices. FTSE AIM UK 50, FTSE AIM 100, and FTSE AIM All-Share are a few of them.
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