UK stock exchange

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.

Similar Posts