Big Bang


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Big Bang

The term applied to the liberalization in 1986 of the London Stock Exchange (LSE) when trading was automated.

Big Bang

An informal term referring to the deregulation of the London Stock Market on October 27, 1986. On that date, a number of changes occurred, including a shift from an open outcry system to an electronic exchange. Perhaps most important, however, was the abolition of fixed commissions, which completely changed the way brokers on the London Stock Market conducted their business. Big Bang significantly increased the volume on the London Stock Exchange and reversed its trend of falling behind other world stock markets. It was a major part of Prime Minister Margaret Thatcher's financial reform program.

It is important to note that one does not refer to Big Bang as the Big Bang.

Big Bang

The date, October 27, 1986, on which the London security markets were significantly deregulated. The deregulation eliminated fixed commissions on security trades and put an end to the prohibition against securities firms acting as brokers and dealers.

big bang

see STOCK EXCHANGE.
References in periodicals archive ?
The Big Bang Cleveland will feature a full-service bar and craft small-plates menu with happy hour and drink specials nightly, as well as party packages for celebrations such as birthdays, graduations, bachelorette parties and more.
We're also keen to encourage schools to be part of the celebrations by running their own Big Bang @School events to help promote the careers that science and maths subjects can lead to.
In Downes and Nunes's model, big bang disruption occurs in four stages:
According to Iocco's calculations, even if a tiny fraction of the Milky Way's black holes munched matter in this fashion, the process would generate the same amount of lithium as the Big Bang.
A Big Bang spokesman said: "The Big Bang is about careers and futures and highlighting the exciting possibilities that exist for young people with science, technology, engineering and maths backgrounds.
We feel very fortunate to be where we are financially," said Big Bang President, Adam Murphy.
Another big bang was in 1986, when the then Thatcher government liberalised trading conditions in the city of London, leading to the influx of numerous foreign banks.
If the world began thirteen years ago, modern industrial societies would have only existed for six seconds, says "Big History: From The Big Bang to The Present".
Q OUR solar system came into existence through a Big Bang.
This isn't just theory: developments in astronomy, physics and superstring theory support their 'cyclic universe' theory which refutes the Big Bang as the beginning of time and offers college-level science students and lay science readers alike an exciting new set of concepts.
Science fiction does not, for the most part, try to preach the gospel of the Big Bang, but it is likely to assume it," he says.