Scottish Stock Exchange: We're Not Building this for Pornographers or Gaming Companies
They were consolidated in 1962 after a study called the Jenkins report suggested the regional stock exchanges should be closed and consolidated. This led to the creation of the Scottish Stock Exchange in 1964. In 1971, an act of Parliament was then passed to create what was called the International stock exchange of Great Britain and Northern Ireland – the institution that is now known as the London Stock Exchange.
Carruthers, updating interested parties on the exchange’s progress today at Edinburgh’s Royal Botanic Garden, described the architecture as “world class”, adding he believed it would ensure his vision of a stock exchange that makes a positive difference to the world proves to be a success.
He explains: “In different ways, we were all affected by the financial crisis of 2008 and learned that a financial crisis can have devastating consequences for the real economy. Project Heather will build an exchange that can assist and support the real economy by improving access to capital and by providing liquidity to founders and entrepreneurs, and those who back them.