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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
A reference to the major operational changes on the London Stock Exchange which took place on 27th October 1986. These included:the introduction of market makers to combine the functions of stockbrokers and stockjobbers and the ending of fixed commissionsthe introduction of the Stock Exchange Automated Quotation system (SEAQ) which replaced the trading floor of the Stock Exchange with a screen-based quotation system used by brokersthe abolition of the restrictions on ownership of UK stockbrokers
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