Paternoster Square in the context of "Privately owned public space"

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⭐ Core Definition: Paternoster Square

Paternoster Square is a former historic square, renamed from Newgate Market c. 1872, and now a post-war urban redevelopment next to St Paul's Cathedral in the City of London. The area was previously named Paternoster Row, after the street of the same name, once centre of the London publishing trade and was devastated by aerial bombardment in The Blitz during World War II. It is now the location of the London Stock Exchange which relocated there from Threadneedle Street in 2004. It is also the location of investment banks such as Goldman Sachs, Merrill and Nomura Securities, and of fund manager Fidelity Investments. The square itself, i.e. the plaza, is privately owned public space. In 2004, Christopher Wren's 1669 Temple Bar Gate was re-erected here as an entrance way to the plaza.

The square is near the top of a modest rise known as Ludgate Hill, formerly one of the two highest points in the City of London. It is characterised by its pedestrianisation and colonnades.

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Paternoster Square in the context of London Stock Exchange

The London Stock Exchange (LSE) is a global stock exchange based in Paternoster Square in the City of London, England. Founded in 1801, it is one of the world's oldest continuously operating stock exchanges. As of July 2024, the exchange had a total market capitalisation of approximately US$3.4 trillion of listed companies. Since 2007, it has been part of the London Stock Exchange Group (LSEG), which the exchange also lists under the ticker symbol LSEG.

The LSE operates multiple equity and debt markets, including its Main Market for large companies and the Alternative Investment Market (AIM) for smaller and growth-focused firms. Despite a decline in domestic listings following Brexit, it remained Europe's most valuable stock exchange by overall listed market capitalisation as of 2023.

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