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What Is the FTSE 100

The FTSE 100 is the index of the hundred largest companies on the London Stock Exchange, weighted by size, priced in pounds, with dividends left out of the number. This paper shows what it is, where it is made, why the exchange rate sits inside it, when the exchange is open, and how UK100 appears on a platform with its result in pounds. After reading it you can find the FTSE 100 on your platform and read its Specification, knowing what the points and the pounds are.

Difficulty
Intermediate
Reading time
5 min
Pages
8
Reviewed by
Saman Rahbar

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The FTSE 100, in five lines

The FTSE 100 is the index of the hundred largest companies listed on the London Stock Exchange, said aloud as the Footsie. It is weighted by size, so the biggest company counts most, and it is a price index, meaning dividends are not counted into the number. The number is in points, and the points are in pounds. This paper uses 9,000.00 as a round example throughout, because this library holds no FTSE bars. The exchange trades from 08:00 to 16:30 London time; the CFD on a platform trades far longer, and appears as UK100 or FTSE100.

The City of London

Picture the City of London, the Square Mile: the Shard, the dome of St Paul's, the Gherkin and the wide-topped towers beside it. The towers are the banks and the insurers. The low gold building beside the dome is the London Stock Exchange in Paternoster Square, where the hundred are listed, and the FTSE 100 is the number that exchange publishes every second of its day. The companies come from all over Britain and well beyond; the adding up happens in London, in pounds.

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