London Stock Exchange in the City
You are searching for a hotel near to the London Stock Exchange
One of the oldest stock exchanges in the world, the London Stock Exchange (or LSE) is located in the City of London. Founded in 1801, the LSE is also one of world's largest stock exchanges.
Tracing its history back to the end of the 17th century, the LSE began in London's coffee houses.
According to the LSE's website (londonstockexchange.com), the earliest evidence of "organised trading in marketable securities in London" occurred in 1698 when John Castaing began issuing his "The Course of the Exchange and other things," a list of stock and commodity prices "at this Office in Jonathan's Coffee-house." In the same year as Castaing commenced his listings from Jonathan's Coffee House, stock dealers were expelled from the Royal Exchange for being too rowdy. With no place to go, the dealers began to operate in the streets of the City and to meet in the nearby coffee houses, with Jonathan's being a particularly popular destination.
Founded in 1680 by Jonathan Miles, Jonathan's Coffee-House eventually became the LSE's original site. A number of significant stock exchange events happened at Jonathan's, including the South Sea Bubble of 1720 and the Panic of 1745. In the 1770s a club of traders from Jonathan's built its own premises in Sweeting's Alley, which they named New Jonathan's, but the building was soon renamed the Stock Exchange. The site of Jonathan's Coffee House served as the home of a lottery office until it burned down in 1778.
The new Stock Exchange in Sweeting's Alley, which included a dealing roomon the ground floor and coffee room above that, served as home to the LSE until 1802, when it moved into yet another new building in Capel Court. However, it was while at the Sweeting's Alley location on the 3rd of march, 1801, that the exchange established formal subscription membership and, thus, creating the first regulated exchange in London.
Victorian-era expansion and developments, including regional exchanges opening in Manchester and Liverpool as well as the speculative "Railway Mania" of 1845, sustained the LSE's progress. It was during the 1800s that bonds (or gilt-edged securities) began being traded through the LSE as well.
Modern LSE happenings have included the move to the Stock Exchange Tower at Threadneedle Street/Old Broad Street (opened by the Queen in 1972) and the Big Bang of 1986, when many of the exchange's activities were deregulated. 20 July 1990 saw the the LSE as victim of an IRA bomb, planted in a men's toilet. Fortunately, the area had been evacuated and no one was injured. With trends toward electronic stock trading gaining dominance, the LSE's Threadneedle Street location closed permanently in 1992. Today, the LSE is located near St Paul's Cathedral at Paternoster Square.
Go to the
London Stock Exchange website
5 Star City hotels
4 Star City hotels
3 Star City hotels
