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World's 8 biggest stock exchanges

July 15, 2008

3. The London Stock Exchange: $7.57 trillion share trades

London Stock Exchange, or LSE, is located in London, England. It is part of the London Stock Exchange Group plc.

At present, it is situated in Paternoster Square close to St Paul's Cathedral in the City of London. One of the largest stock exchanges in the world, LSE was founded in 1801.

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.

Unable to finance these costly journeys, the companies raised the money by selling shares to merchants, giving them a right to a portion of any profits eventually made.

Image: The logo of the London Stock Exchange is displayed in the foyer of the London Stock Exchange. | Photograph: Scott Barbour/Getty Images

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