Scottish Stock Exchange

The Scottish Stock Exchange was a stock exchange which started trading on 2 January 1964 following a merger of the four main stock exchanges in Scotland: the Edinburgh Stock Exchange, Glasgow Stock Exchange, Dundee Stock Exchange, and Aberdeen Stock Exchange.[1] The main secretariat of the exchange was in Glasgow, while the Edinburgh, Dundee, and Aberdeen exchanges operated as local branches[2] until 1971, when the local exchanges closed completely.[3]

During the construction of the new Scottish Stock Exchange building in St George's Place, Glasgow, the exchange was housed in a converted warehouse on Ingram Street. The new building was opened after two years' work on 13 April 1971.[4]

In 1973, the Scottish Stock Exchange merged into the London Stock Exchange.[5]

Since then, there have been calls to re-establish an independent stock exchange in Scotland.[5][6]

In 2016, plans were announced for the establishment of a Scottish Stock Exchange by a group of ex-NASDAQ traders and Scottish investors to be based in Edinburgh. The announcement was made after the referendum on the UK's membership of the EU, in which the United Kingdom as a whole voted to leave the European Union, but Scotland (and Especially Edinburgh) voted to remain within the European Union.[7]

References

  1. ↑ "Statement Soon on Stock Exchange". The Herald. 5 December 1963.
  2. ↑ "All Deals Marked". The Herald. 30 April 1963.
  3. ↑ "Archives: MS 69 (University of Dundee)". Retrieved 9 August 2013.
  4. ↑ "Stock exchange latest-it's luxury!". Evening Times. 12 April 1971.
  5. 1 2 "Calls for Scotland to have its own stock exchange". 4 August 2010. Retrieved 9 August 2013.
  6. ↑ "Limited buy-in for Scottish stock exchange". 22 December 2009. Retrieved 9 August 2013.
  7. ↑ "Ex-Nasdaq traders bid to launch new stock exchange in Scotland by 2017". 30 June 2016. Retrieved 1 July 2016.
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