I have a question...I haven't invested in securities/stocks in the UK yet, but, each time I say, see shares of Rio Tinto listed at 4,490, today's price, I don't know what that actual price is. I have been told that in the they are trading on pence. And so perhaps that price is something more like 449 pounds.
The price on the ASX is far lower, almost 10 times, which makes me think it isn't pounds at all.
I have considered making plays on the FTSE, but haven't because I cannot understand the nature of the pricing. Anyone want to help?

ftse is priced in pence, if you need to ask then I'd be steering well clear of investing lol

So, I suppose that you aren't going to tell me an answer?

4,490 pence which is £44.90

I think I just did

Wow, thanks. See that was easy.

By the way, sans this thread I have done "ok" over the past couple of years. Thanks for the advice though.

UK Stocks are priced in pence. GBP1 = 100 BPf, and hence everything has to be divided by 100 if you want to see it in British Pounds of course. Always check the trading currency.
The FTSE is an index and has nothing to do with pounds or pence. FTSE which is normally a reference to the FTSE 100 companies (actually 102), is a capitalisation weighted index. Essentially that number represents the SUM of [number of shares per company x price] and then it's divided by a number to adjust it to when it started way back when, this number changes due to corporate actions etc.

see this for more info.

and erm you probably don't have enough money to make "some plays" on the FTSE so stay clear of it for now

The Rio price is quoted in the UK in pence, but because of the difference in stock exchange rules, the dual listing is not on a 1-for-1 style listing.
But the price is in pence, and arbitraged out for currency differentials throughout the day. The primary listing is in London, and are also traded as ADRs in the U.S. Buyer beware, etc. etc. etc.

come on Confloozed, share you trading experience with us.

Tell us what how when...