Plans To Launch Scottish Stock Exchange: Can 'Project Heather' Succeed? [Forbes]
Lloyds Banking Group Plc American Depositary Shares (LYG)
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Source: Forbes
Detail of banknotes from the Bank of Scotland, which in 2016 began issuing new banknotes on polymer starting with the £5 note. (Photocredit: Getty). Getty How many exchanges does the world need? Now with plans being unveiled to launch a Scottish stock exchange, Bourse Scot, next year in an initiative dubbed “Project Heather” , it is a question I have again been mulling. Depending on who you speak to you’ll get different answers and probably there is no definitive answer. The new exchange venture is headed up by Edinburgh-based financial entrepreneur and broker Tomás Carruthers, who was founder and CEO of the Interactive Investor platform, and would be the first Scottish stock exchange since the early 1970s. But a network of exchanges had operated north of the border from the 1840s up to 1971, before being consolidated into a Scottish Stock Exchange. There were exchanges that operated in Aberdeen, Edinburgh, Dundee, Glasgow and Greenock. And, subsequent
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