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Best closed shop in town; John Cranage discovers how Thatcher broke the best closed shop in town to let in the London barrow-boys.(Business)
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Byline: John Cranage
Twenty years ago today the London Stock Exchange experienced one of the most dramatic revolutions ever to hit the world's financial markets.
October 27, 1986 was "Big Bang" day in the City of London.
Just as astrophysicists attribute the creation of the universe to a single explosion of matter and energy, so London's pre-eminent position as one of the world's powerhouses of capitalism was, it is argued, due to the events of a single day in history.
In itself, the City's Big Bang does not appear to have been all that dramatic. In essence, ...
Related newspaper, magazine, and trade journal articles from HighBeam Research
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How the London Stock Exchange was saved
Magazine article from: The Spectator
; ...had not been for Big Bang, there would almost...not be a London Stock Exchange worth fighting...of a piece with Big Bang. What really transformed the Stock Exchange, as much as the...that accompanied Big Bang. It is still developing...hexagonal kiosks on ...
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20 years ago, the Big Bang changed everything at the LSE; city FOCUS.
Newspaper article from: The Daily Mail (London, England)
; ...culminated in the socalled Big Bang of October 27, 1986...membership of the stock exchange had been limited to...securities listed on the stock exchange. In March 1986, the stock exchange abolished its restrictions...the member firms. Big Bang abolished ...
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Big Bang // London deregulation promises lots of local brokerage action
Newspaper article from: Chicago Sun-Times
; ...apocalyptic title, the Big Bang is likely to produce...alter worldwide markets. Big Bang officially occurs today...of labor on the London Stock Exchange are abolished. The rumblings of Big Bang have occurred for months...being overlooked in the Big Bang ...
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Big Bang's Anniversary Is a Bust for London Market;Stock Exchange Throws a Glum Party
Newspaper article from: The Washington Post
; ...London's International Stock Exchange to celebrate the first anniversary of the "Big Bang"-the October 1986 deregulation...blame has fallen on the Big Bang. Once hailed as the signal...itself from the slide. Big Bang opened London for worldwide...
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London markets reel from Big Bang's boom
Newspaper article from: Chicago Sun-Times
; LONDON Is the Big Bang a Big Bust? More people...overhaul was dubbed the Big Bang and was intended to make...took effect Oct. 27. The Big Bang also has been marred by...The main intent of the Big Bang was to free the markets...to become members of the stock ...
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In memoriam. (London, England's Financial Securities Act of 1986 put an end to such financial traditions as the floor of the Stock Exchange, fixed commissions, and British dominance of the city)(Brief Article)
Magazine article from: The Economist (US)
; BIG BANG provided a fillip for many...them: The floor of the Stock Exchange. Superseded by SEAQ, an...abandoned a few weeks after Big Bang, but not before the exchange...Might the still-clubby Stock Exchange incorporate and open up...
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The big bang that echoled around the world
Newspaper article from: The Sunday Telegraph London
; Twenty years ago this month, Big Bang looked more like a damp squib...properly. With hindsight, what Big Bang helped do was blow London's financial...happening. Many see this as a big reason why Nasdaq, New York's second stock exchange, has been so aggressive in its pursuit of ...
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What is a stock exchange for? (London Stock Exchange)
Magazine article from: The Economist (US)
; ...system that the London Stock Exchange has been struggling...executive of the stock exchange, recommended to its...What next for the stock exchange, and the City? London...settlement. When Big Bang in 1986 shifted trading from the stock-exchange floor to ...
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Old-boys network essential to City's success story; Karen Attwood and John Cranage on why what went on before 1986 made Big Bang possible.(Business)
Newspaper article from: The Birmingham Post (England)
; ...capital of Europe today if Big Bang had never happened? No...network that controlled the Stock Exchange up to 1986 and kept everybody...Stock Exchange, said Big Bang completely transformed...ownership. Following Big Bang, there was a great movement...
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London's market misfit.(London Stock Exchange competitor Tradepoint)
Magazine article from: The Economist (US)
; ...then, that the board of the London Stock Exchange should decide to repair there for...gestation, the first direct rival to the stock exchange in its 200-year history opened for...will offer an alternative to the stock exchange's market-makers, who quote guaranteed...competition is ...
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