City of London

From MarketsWiki
Jump to navigation Jump to search


FTSE Russell banner 2016.gif
FTSE Russell banner 2016.gif


"The City" is a common nickname for the City of London, a small city within Greater London, England that is considered the financial and commercial heart of Britain. The term "The City" is also used to refer to the UK's financial services industry, which is based there. It is sometimes referred to as the 'Square Mile' because it is, in fact, a square mile.

The City of London provides local government services for the financial district and its responsibilities extend beyond the City boundaries to provide additional facilities for the benefit of the UK as a whole. These range from open spaces such as Epping Forest, and Hampstead Heath, and the Barbican Arts Centre.[1]

The City is the oldest in the country and is unique in operating on a non-party political basis through its Lord Mayor, Aldermen and members of the Court of Common Council. The Lord Mayor plays an important diplomatic role with overseas visits and functions for visiting heads of State.

The City houses the London Stock Exchange, one of the world's oldest exchanges and now part of an international exchange group that operates a range of international equity, bond and derivatives markets.

References[edit]

  1. What is the City of London?. City of London.