Definition of Exchange Alley in English:

Exchange Alley

noun

historical
  • By metonymy: a market for the buying and selling of public securities, located in and around the coffee houses of Exchange Alley, London, in the early 18th cent. Hence: the body of people associated with this activity.

Origin

Early 18th century. From Exchange Alley, the name of a narrow London street (now Change Alley) in which the trading of shares and commodities took place in the early 18th cent., especially in and around the alley's many coffee shops.

Pronunciation

Exchange Alley

/ɪksˌtʃeɪn(d)ʒ ˈali/ /ɛksˌtʃeɪn(d)ʒ ˈali/