London Stock Exchange Group
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| Type | Public (LSE: LSE) |
|---|---|
| Founded | 1801 |
| Headquarters | London, United Kingdom |
| Key people | Christopher Gibson-Smith, Chairman Xavier Rolet, CEO |
| Industry | Financial |
| Products | Stocks |
| Revenue | £546.4 million (2008) |
| Operating income | £265.2 million (2008) |
| Net income | £178.5 million (2008) |
| Employees | 1,135 (April 2009) |
| Website | www.londonstockexchange.com |
The London Stock Exchange Group plc is the leading diversified stock exchange group in Europe. It owns the Borsa Italiana and London Stock Exchanges. It is a member of the FTSE 100 Index as of 22 June 2009.
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[edit] History
The London Stock Exchange was founded in Sweeting's Alley in London in 1801.[1] It moved to Capel Court the following year.[1]
In 1972 the Exchange moved to a new purpose-built building and trading floor in Threadneedle Street. Deregulation, sometimes known as "big bang", came in 1986 and external ownership of member firms was allowed for the first time.[1] In 1995 the Alternative Investment Market was launched and in 2004 the Exchange moved again, this time to Paternoster Square.[1]
Nasdaq built up a stake of over 30% in the Exchange in 2007 in a failed attempt to acquire it. It has since sold its investment.[2]
In 2007 the Exchange acquired the Milan-based Borsa Italiana for 1.6bn euros (£1.1bn; $2bn) to form the London Stock Exchange Group plc. The combination was intended to diversify the LSE's product offering and customer base. The all-share deal diluted the stakes of existing LSE shareholders, with Borsa Italiana shareholders receiving new shares representing 28 per cent of the enlarged register.[3]
[edit] Operations
Following the merger with Borsa Italiana, the group is Europe's leading equities business, with 48% of the FTSEurofirst 100 by market capitalisation and with the most liquid order book by value and volume traded.[4]
[edit] London Stock Exchange
The London Stock Exchange is Europe's leading stock exchange and is owned by the London Stock Exchange Group plc.
[edit] Borsa Italiana
Borsa Italiana is Italy's leading stock exchange and is owned by the London Stock Exchange Group plc.
[edit] CC&G
CC&G is an Italian clearing house that the LSE purchased along with Borsa Italiana in 2007[5].
[edit] Tokyo Stock Exchange joint venture
In July 2008 the LSE and the Tokyo Stock Exchange (TSE) announced a new joint venture Tokyo-based market, which will be based on the LSE's Alternative Investment Market (AIM).[6]
[edit] Major shareholders
The major shareholders are now as follows:[7]
- Borse Dubai 20.6%
- Qatar Investment Authority 26.1%
- Kinetics 13.9%
- Unicredito 5.9%
- Intesa Sanpaolo 5.3%
- Legal & General 3.0%
[edit] See also
- London Stock Exchange
- Borsa Italiana
- Tokyo Stock Exchange
- Market maker
- Alternative Investment Market
- List of stock exchanges
[edit] References
[edit] External links
Coordinates: 51°30′55″N 0°06′00″W / 51.51528°N 0.1°W
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