The London Stock Exchange is a stock exchange located in the City of London in the United Kingdom. As of December 2014, the Exchange had a market capitalization of US$6.06 trillion (short scale), making it the third-largest stock exchange in the world by this measurement (the largest in Europe, ahead of Euronext). The Exchange was founded in 1801 and its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London.