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 ?
Hoyle, Geoffrey Burbidge, and Jayant Narlikar argue that their model can account for all reliable data as well as or better than the Big Bang theory.
The opposition to the triumphant Big Bang theory is of marginal importance in the cosmological community but of considerable importance from the perspective of sociology and psychology of science.
Thus the authors accuse the Big Bang assumption of being closer to metaphysics than physics.
According to theories of the multiverse, the Big Bang was not a unique event.
The Big Bang seems to have occurred under conditions of extremely high density; similar conditions occur throughout our universe - in black holes.