London Stock Exchange (LSE)

The London Stock Exchange, or LSE, is one of the world's oldest stock markets, with a rich history dating back to 1698.  The exchange began its life in the coffee houses of 17th century London, when John Castaing began issuing "at this Office in Jonathan's Coffee-house" a list of stock and commodity prices called "The Course of the Exchange and other things."

History of the London Stock Exchange

In 1773, the brokers erected their own building in Sweeting's Alley, with a dealing room on the ground floor and a coffee room above. This location was briefly known as "New Jonathan's," but members soon change the name to "The Stock Exchange."

The Stock Exchange Tower, which was located on Threadneedle Street / Old Broad Street was opened by Queen Elizabeth II in 1972, and housed the Trading Floor where members would traditionally meet to conduct business.  In July 2004, the London Stock Exchange moved from Threadneedle Street to its present location in Paternoster Square (EC4), close to St Paul's Cathedral, which is still within the "Square Mile" also known as the City of London.

London Stock Exchange Strategy

The stated strategy of the London Stock Exchange is to compete globally in the market for financial transaction services and become the stock market of choice.  The Exchange intends to grow their existing business as well as the reach and scale of their operations.  They intend to do this through business development initiatives, acquisitions, joint ventures, and alliances where appropriate.

Core Business Areas

As it is organized today, the LSE has four core business areas or offerings to the market:

  • Equity Markets:  enabling companies from around the world to raise capital needed to grow by listing securities in a well regulated market.  Access to these markets is provided through the Main Market and AIM.
  • Trading Services:  providing a fast and efficient trading platform, to be used by brokers and firms around the world to buy and sell securities.
  • Market Information Services:  supplying high quality, real-time information and news to the financial community.
  • Derivatives:  expanding to become the world's most efficient and liquid market for equity derivatives.  The EDX London hopes to move the LSE beyond their core equities markets.

Facts and Figures

The following are some of the facts and figures available for the London Stock Exchange, including:

  • There are more than 500 firms worldwide that trade as members of the London Stock Exchange.
  • The LSE claims to be the most international of all stock exchanges, with companies from over 70 countries admitted to trading in their markets.
  • The exchange is arguably the largest stock market in Europe.
  • In July 2016, there were roughly 27.9 million trades, involving $292.5 billion (USD).
  • Approximately 2,629 companies are listed on the London Stock Exchange, with a total market value of $3.54 trillion (USD).  (July 2016)

London Stock Exchange Holiday Schedule

The following tables contain the 2016 and 2017 holiday schedules for the London Stock Exchange.

LSE Holiday Schedule 2017

Holiday Date
New Year January 2, 2017
Good Friday April 14, 2017
Easter Monday April 17,2017
Early May May 4, 2017
Spring May 25, 2017
Summer August 31, 2017
Christmas Day December 25, 2017
Boxing Day December 28, 2017

On Christmas Eve (celebrated December 22, 2017) and New Year’s Eve (celebrated December 29, 2017), all market hours for the LSE’s trading services and markets will, unless stated otherwise, commence at their normal scheduled times and will close from 12:30 GMT (13:30 CET).

LSE Holiday Schedule 2016

Holiday Date
New Year January 1, 2016
Good Friday March 25, 2016
Easter Monday March 28,2016
Early May May 2, 2016
Spring May 30, 2016
Summer August 29, 2016
Christmas Day December 26, 2016
Boxing Day December 27, 2016

On Christmas Eve (celebrated December 23, 2016) and New Year’s Eve (celebrated December 30, 2016), all market hours for the LSE’s trading services and markets will, unless stated otherwise, commence at their normal scheduled times and will close from 12:30 GMT (13:30 CET).

LSE Hours of Operation

Hours of operation / trading occurs on the London Stock Exchange in accordance with the schedule appearing in the following table.

Trade Reporting 07:15 - 07:50
Opening Auction 07:50 - 08:00
Continuous Trading 08:00 - 16:20
VWAP 16:20 - 16:30
Closing Auction 16:30 - 16:35
Order Maintenance 16:35 - 17:00
Trade Reporting Only 17:00 - 17:15

Note:  UK Time is in the Western European Time Zone (WET), which is the same as Greenwich Mean Time (GMT).   Summer (Daylight-Saving) Time is observed in UK Time, where the time is shifted forward by 1 hour;  1 hour ahead of Greenwich Mean Time (GMT+1).

About the Author - London Stock Exchange (LSE) (Last Reviewed on September 1, 2016)