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PETERBOROUGH COURT & DANIEL HOUSE
133-140 FLEET STREET LONDON EC4
THE CITY
OF LONDON
THE CITY IS THE WORLD’S LEADING INTERNATIONAL, FINANCIAL AND BUSINESS CENTRE AND HAS BEEN
RANKED NO.1 IN THE ZEN GLOBAL FINANCIAL CENTRES INDEX. KEY ATTRIBUTES INCLUDE: -
Key Facts – Overall
The size of the London economy is estimated
at $367bn
London has attracted three times more European
HQs than any other city in Europe
One third of the world’s largest companies have
headquarters in London & two thirds of Fortune
Global 500 companies
Financial, professional and business service
companies in London employ over 1 million people
Stock Exchange
A record £82.5bn was raised on the London Stock
Exchange during the course of 2009, an increase of
16% from 2008, itself a record year
More than 1,000 UK companies are quoted on the
Alternative Investment Market (AIM)
International Banking
London is the largest investment banking centre
in Europe with around a 50% share of European
activity conducted in London
They were 249 branches and subsidiaries of foreign
banks in London in March 2009, more than any
other centre worldwide
Insurance
London is the world’s leading market for insurance
having been an insurance centre for more than three
centuries
London has the world’s main skill centre for world
reinsurance
The UK is a global market leader in marine
insurance with a 17% market share in 2008
Foreign Exchange
The London Foreign Exchange Market is the largest
in the world with a daily turnover of c. $1.8 trillion
in April 2010 – 37% of the global market (more
than New York and Tokyo combined)
Securities Market
The London Stock Exchange is the most
international of all stock exchanges worldwide
London is one of the world’s leading locations for
raising capital with a fifth of global further issues
in the first 9 months of 2009
London is Europe’s largest centre for commodities
trading and accounts for 15% of the total global
share
Fund Management
London is Europe’s leading centre for hedge funds.
At the end of 2009, 80% of European-based hedge
funds’ assets were managed out of London
London is the biggest market in the world for
derivatives traded over the counter with four
derivatives exchanges:-
- Euronext.LIFFE
- London Metal Exchange
- International Petroleum Exchange
- EDX London – created to bring cash, equity
and derivative markets together
Sources: The City of London & Think London