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Summary: The London Stock Exchange is the oldest continuously running major stock exchange and has been around since 1896. Learn more about the London Stock Exchange and how it has not been closed due to war in the last two centuries with insight from a futures and options floor trader in this free video on investing.
Mark Griffith has graduated in economics and philosophy at Clare College, Cambridge. He has been a futures and options floor trader at LIFFE (London International Financial Futures...read more
"Hello, my name is Mark Griffith. I'm very briefly going to explain in the next two minutes what the London Stock Exchange is. Shares have been traded in London for several centuries, and the London Stock Exchange is the world's oldest continuously running major stock exchange, at the moment. And both London and New York are the only major stock exchanges which have not been closed due to war or violent revolution in the last two centuries. Slightly confusingly, the London Stock Exchange these days tends to refer to itself as the ISE, the International Stock Exchange, but everybody still calls it the London Stock Exchange. Of course, if you're trading it you have to consider trading the European daytime, and if you're somewhere like New York or Chicago, you have to bear in mind, therefore, that the London exchange opens at around three or four in the morning, your time, and will close right about lunch time your time. So you have to bear that in mind. Since 1986, the London Stock Exchange has had no floor trading, so in what was called the big bang, there were number of big changes in London, and the stock exchange went off-floor, and became an electronic stock exchange, like NASDAQ. And unlike NYSE, New York Stock Exchange, which still has a lot of active floor trading. Volumes are fairly large, and of course, as it's one of the two that have never closed or never shut down by revolution, it's still considered a very safe place to trade, and it's a place where easily the most North American shares are traded in the European timezone. So, if you're trading in London, and you trust your broker, you're going to have to bear in mind that a lot of things are happening while you're still in bed in the morning, but learn about it and be careful, and you should be able to manage. Good luck."