Royal Exchange (London)

Royal Exchange (London)

The Royal Exchange in the City of London was founded in 1565 by Sir Thomas Gresham to act as a centre of commerce for the city. The site was provided by the City of London Corporation and the Worshipful Company of Mercers, and is roughly triangular, formed by the converging streets of Cornhill and Threadneedle Street. The design was inspired by a bourse Gresham had seen in Antwerp.

The Royal Exchange was officially opened by Queen Elizabeth I who awarded the building its Royal title, on January 23, 1571.

Gresham's original building was destroyed in the Great Fire of London in 1666. A second exchange was built on the site, designed by Edward Jerman, which opened in 1669, and which was also destroyed by fire in January 1838.During the 17th century, stockbrokers were not allowed in the Royal Exchange due to their rude manners, hence they had to operate from other establishments in the vicinity, like Jonathan's Coffee-House.

The third Royal Exchange building still stands on the site and adheres to the original layout - consisting of a four-sided structure surrounding a central courtyard where merchants and tradesmen could do business. This building was designed by Sir William Tite, features pediment sculptures by Richard Westmacott (the younger), and was opened by Queen Victoria on October 28, 1844, though trading did not commence until January 1, 1845.

The Royal Exchange ceased to act as a centre of commerce in 1939, although it was for a few years in the 1980s, home to the London International Financial Futures Exchange, LIFFE. It is now a luxurious shopping centre.

Shops in the Royal Exchange include Hermès, Molton Brown, Paul Smith, Haines & Bonner, Tiffany and Jo Malone.

The Gresham Grasshopper

The big Gresham Grasshopper can be seen on the Royal Exchange's weathervane. This commemorates the founder, Sir Thomas Gresham, whose crest it was. The device was later borrowed by Shem Drowne atop the famous Faneuil Hall in Boston, Massachusetts, in imitation of the Royal Exchange.

External links

* [ The Royal Exchange London website]

Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Royal Exchange (London) — Die Royal Exchange im Juli 2006 Die zweite Royal …   Deutsch Wikipedia

  • Royal Exchange — may refer to:* Royal Exchange, Manchester, a 19th century classical building * Royal Exchange, London, a centre of commerce in the City of London * Royal Exchange, Dublin, now City Hall * Royal Exchange Assurance Corporation, a London insurance… …   Wikipedia

  • Royal Exchange — bezeichnet: Royal Exchange (London), London Royal Exchange (Manchester), Manchester Royal Exchange (Dublin), Dublin, jetzt City Hall Royal Exchange Theatre, Manchester Diese Seite ist eine Begriffsklärung zur Unterschei …   Deutsch Wikipedia

  • Royal Exchange —    Between Cornhill South and Threadneedle Street north, in Broad Street and Cornhill Wards (P.O. Directory).    The first building was erected in 1566 and opened 1570 (S. 202). For the convenience of merchants and bankers.    Destroyed in the… …   Dictionary of London

  • Royal Exchange Buildings —    South out of Threadneedle Street, at No. 1, to 82 Corn hill (P.O. Directory), on the east side of the Royal Exchange. In Broad Street Ward.    First mention: O.S. 1875.    Former names : Sweetings Alley, 1662 (Account books St. Bart the litell …   Dictionary of London

  • Royal Exchange Avenue —    West out of Finch Lane, at No.21, to Royal Exchange Buildings. In Broad Street Ward (P.O. Directory).    First mention: O.S. 1875.    Received its name 25th July, 1862.    It occupies part of the site of Spread Eagle Court, which was… …   Dictionary of London

  • Royal Exchange — 51°30′49″N 0°05′14″O / 51.51361, 0.08722 Le Royal Exchange, situé dans la Cité de Londres, est un centre commer …   Wikipédia en Français

  • Royal Exchange Assurance Corporation — The Royal Exchange Assurance Corporation, founded in 1720, was a London insurance company. It took its name from the location of its offices at London s Royal Exchange. The Company received its royal charter under the Royal Exchange and London… …   Wikipedia

  • Royal Exchange Theatre, Manchester — The theatre is based in the Manchester Royal Exchange, a large Victorian building used until 1968 for cotton trading.ProgrammeThe Royal Exchange gives an average of 350 performances a year of nine professional theatre productions. These… …   Wikipedia

  • Royal Exchange — a theatre in Manchester, England, built in the city’s old cotton exchange (= a large circular trading hall). The theatre reopened in 1998 after it was damaged by an IRA bomb in 1996. * * * ▪ institution, London, United Kingdom  former financial… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.