The London Stock Exchange (LSE)
The London Stock Exchange (LSE) is probably the most famous stock exchange in the world. While it started over 200 years ago, a significant shift of gear happened in the 1980s, called ‘Big Bang’.
Big Bang
Before the Big Bang in 1986, brokers and other market service providers organised share and other security trading such that there was little competition, commission rates were kept high and trading was done on a face-to-face basis. It was a very comfortable existence, until it was threatened by the new types of trading developed in the USA. It became clear in the 1970s and 1980s that the LSE was losing trade to overseas stock markets. For the LSE to remain competitive in the modern world, complacency had to be ...
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