London Stock Exchange Quotes
Below is a historical timeline of the London Stock Exchange, as shown on the website stockexchangesecrets.com.
"1698 John 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.
1698 Stock 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.
1720 The wave of speculative fever known as the South Sea Bubble bursts.
1773 The brokers erect their own building in Sweeting's Alley, with a dealing room on the ground floor and a coffee room above. The members soon name it the 'The Stock Exchange'.
1801 On 3 March, the business reopens under a formal membership basis. On this date, the first regulated exchange comes into existence in London, and the modern Stock Exchange is born. Officially, London Stock Exchange history starts here!
1812 The first codified rule book is created.
1836 The first regional exchanges open in Manchester and Liverpool.
1854 The Stock Exchange is rebuilt.
1876 A new Deed of Settlement for the Stock Exchange comes into force.
1914 The Great War means the Exchange market is closed from the end of July until the new year.
1923 The Exchange receives its own Coat of Arms, with the motto 'Dictum Meum Pactum' (My Word is My Bond). For many decades, this phrase summed up the code of those working on or in the exchange.
1939 The start of World War Two. The Exchange is closed for 6 days and reopens on 7 September. The floor of the House closes for only one more day, in 1945 due to damage from a V2 rocket - trading then continues in the basement.
1972 Her Majesty the Queen opens the Exchange's new 26-storey office block.
1973 First female members admitted to the market.
1986 Deregulation of the market, known as 'Big Bang':
1995 AIM is launched - read about it on other pages of this site.
2000 Shareholders vote to become a public limited company: London Stock Exchange plc.
2001 London Stock Exchange plc lists on it's own Main Market in July."
Most Popular Articles
- General Engineering