Monday, December 24, 2007

How does the London Stock Exchange Work?



How Does London Stock Exchange (LSE) Work?
London Stock Exchange, often called the LSE, is the main stock exchange in the United Kingdom. Brokers on the exchange buy and sell shares of stock in corporations based in the United Kingdom and other countries. The LSE is one of the world's oldest stock exchanges. It traces its roots to a group of brokers who began meeting at a London coffeehouse in 1760. The members named their organization the Stock Exchange in 1773 and began formal operations in 1802.

The London Stock Exchange, one of the largest exchanges in the world, has always been a focus of international trade. In 1986 it was substantially deregulated, an event known as the Big Bang in financial circles. This led to the rapid expansion of products, markets, and numbers of employees, a movement that slowed in the early 1990s but has since rebounded.



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