Description
Big Bang brought unprecedented changes to the Stock Exchange. This book provides a thorough and up-to-date account of the new market at work. Against a background of an analysis of the economic function of a security market, it provides detailed coverage of the working of the new screen based dealing, along with some of its problems, the structure and operation of the new gilt edged market, the primary market in industrial equities and the growth and operations of the traded options market.
Aspects of the quality of the new market are assessed, together with the achievements of the new financial conglomerates in the securities industry. Deregulation of the market has been accompanied by greater regulation of many of its activities as a result of the Financial Services Act of 1986.
The impact of the regulatory framework on the International Stock Exchange is covered. The book also looks at the growth of dealings in international equities and the important role occupied by International SEAQ.
'The Securities Market' is a valuable source for economists and professionals in finance, investment and banking.
