PAST TO PRESENT: LONDON STOCK EXCHANGE

FROM COFFEE HOUSE TO GLOBAL FINANCE CENTER

The London Stock Exchange (LSE) – Our word is our bond. True in 1801. Just as true today.

The London Stock Exchange (LSE) is one of the world’s most ancient stock exchanges and the largest principal stock exchange in the United Kingdom and the largest in Europe.


London Stock Exchange Group plc (LSEG)
LSEG serves as the parent company for a range of subsidiaries, encompassing the London Stock Exchange, where its shares are traded, as well as Refinitiv, LSEG Technology, and FTSE Russell. Additionally, it holds substantial ownership stakes in LCH and Tradeweb.


Historical Background
In 1571, Queen Elizabeth I of England inaugurated the London Stock Exchange, one of the most ancient stock exchanges worldwide. In the 17th century, stockbrokers faced restrictions within the Royal Exchange due to their uncouth behavior. Consequently, they had to conduct their business from alternative nearby venues, with Jonathan’s Coffee House being a notable choice.


Enduring Legacy
The London Stock Exchange’s history dates back more than 300 years and remains one of the world’s oldest stock exchanges.


LSE’s Primary Markets
The London Stock Exchange (LSE), via its primary markets, offers a cost-effective gateway to access some of the globe’s most substantial and highly liquid sources of capital. It hosts many companies and facilitates electronic equities trading for the firms listed on its platform.


Number of Listed Companies

In July 2023, the London Stock Exchange had 1,900 companies actively trading, marking a slight dip from the previous month and still representing one of the lowest counts of listed companies within the observed time frame.


History of the Royal Exchange

Thomas Gresham and Sir Richard Clough founded the Royal Exchange based on the Antwerp Bourse model. In 1571, Elizabeth I of England opened it. During the 17th century, stockbrokers were disallowed inside the Royal Exchange because of their impolite behavior.


LSE’s Global Standing
The LSE currently ranks as the sixth-largest stock exchange globally and the largest one in Europe. It is under the ownership of the London Stock Exchange Group, a conglomerate formed in 2007 through the merger of LSE and Borsa Italiana. It’s renowned for its international reach, hosting over 3,000 companies across 70 countries.


Regulation
The Financial Conduct Authority (FCA) regulates the London Stock Exchange as a Recognized Investment Exchange.


The History of LSEG
The London Stock Exchange is among the globe’s most ancient stock exchanges, with a history of over 300 years. The London Stock Exchange Group (LSEG) began in October 2007 when the London Stock Exchange merged with the Milan Stock Exchange, known as Borsa Italiana. Borsa Italiana is the leading stock exchange in Italy, based in Milan. It is where securities such as stocks and bonds get traded, which is vital in the Italian financial market.
A concise timeline of the London Stock Exchange Group (LSEG)


1698 to 1999
1698
John Castaing initiated the publication of a list of stock and commodity prices known as ‘The Course of the Exchange and Other Things’ at Jonathan’s Coffee House.
1801
London was home to the world’s initial regulated exchange, marking the birth of the contemporary Stock Exchange.
1986
The ‘Big Bang’ deregulated the UK market.
1995
FTSE Group was created, with London Stock Exchange holding a 50 percent stake. LSEG will acquire the remaining 50 percent of the business in 2011.
AIM, the London Stock Exchange’s Alternative Investment Market, was founded. It will evolve into the most prosperous global growth market, focusing on dynamic smaller companies.
July 2001
The London Stock Exchange transitions into a publicly traded company listed on its market.
October 2007
The London Stock Exchange and Borsa Italiana merged, consequently forming The London Stock Exchange Group (LSEG).
September 2009
The London Stock Exchange Group (LSEG) acquired MillenniumIT, a technology solutions provider based in Sri Lanka that serves the global capital markets industry.
December 2009
LSEG secures a controlling interest in Turquoise, the pan-European equities trading platform, which collaborates with prominent global investment banks.
November 2010
LSEG launched the LSEG Foundation, which supports selected charity initiatives worldwide.
May 2013
LSEG finalizes the acquisition of a significant majority share in LCH Group (formerly known as LCH.Clearnet), a prominent global clearing house for multi-asset classes.
January 2014
The FTSE 100 Index marks its 30th anniversary.
December 2014
LSEG successfully concludes the acquisition of Frank Russell Co., a financial services provider based in the United States, which includes the Russell Indexes business among its assets.
May 2015
FTSE and Russell Indexes merge to form FTSE Russell.
September 2016
CurveGlobal has launched an interest rate derivatives venture between LSEG, several leading dealer banks, and the Chicago Board Options Exchange.
January 2017
LSEG finalizes the acquisition of Mergent, a prominent US-based provider of business and financial information on both public and private companies.
August 2017
LSEG successfully concludes the acquisition of The Yield Book and Citi Fixed Income Indices, encompassing a platform for analyzing fixed income and an index business obtained from Citigroup.
October 2017
The FTSE 250 Index marks its 35th anniversary.
December 2018
LSEG raised its majority shareholding in LCH to 82.6 percent.
2018
SwapClear, LCH’s clearing service for interest rate derivatives, has processed more than $1,077 trillion in notional value. It marks the first time over $1 quadrillion has been cleared in a year.
January 2019
LSEG has purchased a 5.2 percent ownership stake in Euroclear.
June 2019
LSEG has acquired Beyond Ratings, a well-respected company that offers ESG data for fixed-income investors.
June 2019
The Shanghai-London Stock Connect, the world’s first fungible cross-listing mechanism allowing global investors to trade China A-shares beyond Greater China, celebrates its inaugural issuer, Huatai Securities.
January 2021
LSEG has successfully finalized the all-share acquisition of Refinitiv, forming a prominent global financial market infrastructure and data provider.


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