Britannica AI Icon

Royal Exchange

English history
Also known as: Bourse

Quick Summary

The Royal Exchange was a former financial institution in the City of London, serving as a central meeting place for merchants and traders. It was founded by Sir Thomas Gresham, an English merchant and financier, who built the first exchange between 1566 and 1568. This initial building was destroyed in the Great Fire of London in 1666. A second exchange was built in 1669, and the third, designed by Sir William Tite, opened in 1844. The Royal Exchange closed in 1939 and now houses office and exhibition space. The institution was significant for facilitating business transactions that were previously conducted in less organized settings.12

Summary created from Britannica articles using AI. AI can make mistakes, so verify using Britannica articles.
2 Britannica Sources
  1. Royal Exchange
  2. Sir Thomas Gresham

Ask Britannica AI about this topic

Britannica doesn't have a full article on this topic, so we've curated a list of our relevant coverage.