SALLY HAMILTON: My one big financial regret? What next for bitcoin and will it forex exchange near me starbucks again?
Gatehouse Bank lands latest blow in the best buy savings battle with table-topping fixed rates of up to 2. My dad invested his pension but he’s too ill to handle it any more – what can we do? Can I get broadband without a landline? How does the stock exchange work and what happens when you buy and sell shares? Read this: How does the stock exchange work and what happens when you buy and sell shares? The drama of the stock market is pivotal to our financial lives, but the days of traders shouting buy and sell at the exchange are long gone. Yet while for personal investors it has never been easier to buy shares, many know little about what happens when you place your order.
This is Money went to the London Stock Exchange to find out how things work for the video below. In the City of London 300 years ago, the coffee houses were a hub of activity where merchants and brokers would negotiate deals. One well-known coffee house Jonathan’s was in Change Alley, near the Bank of England. Here broker John Castaing first took to posting lists of stock and commodity prices every Tuesday and Friday – the origin of the term, ‘to list. In 1773, a group of brokers decided to erect their own building, briefly known as ‘New Jonathan’s,’ but soon becoming ‘The Stock Exchange. In 1801, they introducde a formal membership subscription system, marking the arrival of the first regulated exchange and the birth of the modern Stock Exchange.