Saturday, March 20, 2010
Our history stock exchang
The London Stock Exchange is one of the world’s oldest stock exchanges and can trace its history back more than 300 years. Starting life in the coffee houses of 17th century London, the Exchange quickly grew to become the City’s most important financial institution. Over the centuries following, the Exchange has consistently led the way in developing a strong, well-regulated stock market and today lies at the heart of the global financial community.We are proud of our long history that has helped to build our reputation today. Here are some of the milestones in the story of the London Stock Exchange.1698John Castaing begins to issue “at this Office in Jonathan’s Coffee-house” a list of stock and commodity prices called “The Course of the Exchange and other things”. It is the earliest evidence of organised trading in marketable securities in London.1698Stock dealers are expelled from the Royal Exchange for rowdiness and start to operate in the streets and coffee houses nearby, in particular in Jonathan’s Coffee House in Change Alley.1720The wave of speculative fever known as the “South Sea Bubble” bursts.1748Fire sweeps through Change Alley, destroying most of the coffee houses. They are subsequently rebuilt.1761A group of 150 stock brokers and jobbers form a club at Jonathan's to buy and sell shares.1773The brokers erect their own building in Sweeting’s Alley, with a dealing room on the ground floor and a coffee room above. Briefly known as “New Jonathan’s”, members soon change the name to “The Stock Exchange”.1801On 3 March, the business reopens under a formal membership subscription basis. On this date, the first regulated exchange comes into existence in London, and the modern Stock Exchange is born.Posted by New Stock Exchange at
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