A Grade II listed building Exchange Flags is an office complex and restaurant space in the centre of Liverpool’s commercial district. The name of the building reflects the city’s history in regards to slavery – cotton traders and brokers would meet here to do their buying and selling and exchange a form of business card, hence the name.

The current building is on the site of two earlier Exchanges, the first dating from 1803 and and the second in 1864. It was completed between 1939 and 1941 and is laid out in a U shape – Walker house is on the west side and was adapted to include a reinforced bunker that was the home of the Western Approaches Command Headquarters, the command centre for the campaign against the German submarine fleet in the Second World War.
