- Big Bang
- The term applied to the liberalization in 1986 of the London Stock Exchange in which trading was automated with the use of computers. The New York Times Financial Glossary————The term applied to the liberalization in 1986 of the London Stock Exchange ( LSE) when trading was automated. Bloomberg Financial Dictionary————27 October 1986. The day when the system of share trading in the UK was radically changed to remove fixed commissions and introduce screen based trading. Dresdner Kleinwort Wasserstein financial glossary————The deregulation of the London Stock Market that took place in October 1986, when the London Stock Exchange went fully electronic. Financial Services Glossary————27 October 1986, when the Exchange's new regulations took effect and the automated price quotation system was introduced. London Stock Exchange Glossary
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1. the Big Bang a popular name for the major changes that happened on the London stock exchange in 1986, which ended the differences between jobber S and broker S, and the system of fixed commission S on buying and selling shares2. the Big Bang a name for similar events in other financial centres:• The Big Bang opened the protected world of French broking to powerful and well-capitalized banks.
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Big Bang UK US noun [singular]► STOCK MARKET the important changes made in 1986 to the rules for trading on the London Stock Exchange, or similar changes to other organizations : »The article takes a look at how the City of London's Big Bang has revolutionized Britain.
Financial and business terms. 2012.
