Samiksha Jaiswal (Editor)

Scottish Stock Exchange

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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. The main secretariat of the exchange was in Glasgow, while the Edinburgh, Dundee, and Aberdeen exchanges operated as local branches until 1971, when the local exchanges closed completely.

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.

In 1973, the Scottish Stock Exchange merged into the London Stock Exchange.

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

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.

References

Scottish Stock Exchange Wikipedia