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IN THE NEWS
TOUR OF THE MONTH
ON THIS DAY IN LONDON
22nd April 1991 Two trains collided on the DLR at West India Quay.
22nd April 1930 US, Britain and Japan sign London Naval Treaty
22nd April 1925 Born today: George Cole, London England, actor (Minder, Vampire Lovers)
22nd April 1899 Born today: Martyn Green, London, actor (Gilbert and Sullivan, Iceman Cometh)
22nd April 1823 Baltic Club (Exchange) forms in London
22nd April 1737 William Hicks (MP for Wallingford) was attacked by highwayman Dick Turpin and associate in a coach travelling to London through Epping Forest.
Money, Money, Money
Where the money is at...or indeed where we think it is
Location: 10 Paternoster Square, EC4M 7LS
Description: The 'London Stock Exchange' was founded in 1801 and is one of the largest stock exchanges in the world, with many overseas listings as well as British companies.
The exchange is part of the London Stock Exchange Group and so sometimes referred to by the ticker symbol for the group, LSE.
The trade in shares in London began with the need to finance two voyages: The Muscovy Company's attempt to reach China via the White Sea north of Russia, and the East India Company voyage to India and the east. The trading in the stocks of the second company began in 1688.
In 1697, a law was passed to 'restrain the number and ill-practice of brokers and stockjobbers' following a number of insider trading and market-rigging incidents. It required all brokers to be licensed and to take an oath promising to act lawfully.