The London Stock Exchange (LSE) is a bustling stock market in London where trading of securities takes place by participants from around the globe. It is a premier listing venue for some of the best companies in the world. Below are ten things you should know about LSE.
10 THINGS YOU SHOULD KNOW ABOUT THE LONDON STOCK EXCHANGE
1. The rich history of the London stock Exchange is more than 300 years old. This makes the LSE the oldest stock exchange in the world. It was founded in 1801 and is currently located at the Paternoster Square, London.
2. The Exchange ranks first amongst its global peers in terms of ‘internationality’. It has almost 3,000 companies from over 70 countries listed on it.
3. With a market capitalization of US$3.6 trillion as of December 2010, the London Stock Exchange is the largest stock exchange in Europe and the fourth-largest stock exchange in the world.
4. Current trading platform is Linux-based own edition named “Millennium Exchange”.
5. The Exchange promotes dealings in equity markets such as the main market, AIM, the Professional Securities Market and the Specialist Fund Market. While AIM caters to the small-cap companies, the Professional Securities Market helped firms raise capital via debt securities and depository receipts.
6. It offers a wide range of international financial securities like equities, debt, contracts for difference (CFDs), Exchange Traded Funds (ETFs), Exchange Traded Commodities (ETCs), reits, covered warrants, and depository receipts.
7. The Exchange aims to balance the trading in cash equity and derivatives with the help of its derivatives business called EDX London.
8. The trading hours are from 08:00 to 16:30 on all days of the week except Saturday and Sunday with the exception of declared holidays.
9. Live financial broadcasts are transmitted throughout the day from the Exchange’s own Regulatory News Service TV studios.
10. The five indices present at the LSE are FTSE 100, FTSE 200, FTSE 350, FTSE Small Cap Index, and FTSE All-Share Index.