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The Source by Greyworld, in the new LSE building
Former LSE premises in Threadneedle Street


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.

History

The London Stock Exchange was founded in Sweeting's Alley in Londonmarker in 1801. It moved to Capel Court the following year.

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. In 1995 the Alternative Investment Market was launched and in 2004 the Exchange moved again, this time to Paternoster Square.

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.

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.

On 16 September 2009, the London Stock Exchange Group agreed to acquire Millennium Information Technologies, Ltd., a Sri Lankan based software company specializing in trading systems, for US$30m (£18m). The acquisition was completed on 19th October 2009.

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.

London Stock Exchange

The London Stock Exchange is Europe's leading stock exchange and is owned by the London Stock Exchange Group plc.

Borsa Italiana

Borsa Italiana is Italy's leading stock exchange and is owned by the London Stock Exchange Group plc.

CC&G

CC&G is an Italian clearing house that the LSE purchased along with Borsa Italiana in 2007.

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).

Major shareholders

The major shareholders are now as follows:

See also



References

  1. London Stock Exchange History
  2. LSE rejects £2.7bn Nasdaq offer
  3. London Stock Exchange buys Borse
  4. London Stock Exchange Group acquires Millennium Information Technologies (MillenniumIT)
  5. London Stock Exchange Group Completes Acquisition of MillenniumIT
  6. London Stock Exchange - Investor Relations
  7. LSE backs possible joint bid for LCH.Clearnet
  8. London bourse outlines framework for Tokyo JV
  9. LSE Annual Report 2008 Page 53


External links





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