London's Big Bang: a case study of information technology, competitive impact, and organizational change
- 1 January 1989
- conference paper
- Published by Institute of Electrical and Electronics Engineers (IEEE)
- Vol. 4, 233-242 vol.4
- https://doi.org/10.1109/hicss.1989.48126
Abstract
The London Stock Exchange's Big Bang on October 27, 1986, which marked the arrival of sweeping and long-awaited deregulation is discussed. Numerous changes occurred simultaneously, including elimination of fixed commissions, marked increase in the number of market participants, change in the structure and ownership of trading firms, and perhaps most importantly rapid movement of stock trading off the floor of the Exchange. This remains the most rapid and complete regulatory reform of any market, and the most striking example to date of a regulatory event engineered to benefit the local financial industry. It is shown that London's financial markets have undergone considerable change while continuing to operate smoothly, and the benefits realized are described.<>Keywords
This publication has 4 references indexed in Scilit:
- Preliminary research report: opportunities for using technology created by deregulation of the London stock exchange-first London site visitsPublished by Institute of Electrical and Electronics Engineers (IEEE) ,2003
- Information systems for sustainable competitive advantagePublished by Elsevier ,2002
- Continuous Auctions and Insider TradingEconometrica, 1985
- Technology, Communication and the Performance of Financial Markets: 1840-1975The Journal of Finance, 1978