Still waiting for the Big Bang
Article Abstract:
The Big Bang brought about changes in how the London Stock Exchange operated in 1986. Barriers between jobbers and brokers were removed and companies that were members of the Stock Exchange could be acquired by banks and other non-members. Minimum commission rates were also abolished. Institutional investors have benefited from cheaper dealing. Private investors have benefited less. They have also been affected by a change in the settlement system which has led many private investors to use nominee accounts. Execution-only broking has benefited private investors by cutting dealing costs.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Customer complaints: Fidelity 'let off' say investors
Article Abstract:
Service breakdowns have occurred at Fidelity Brokerage Services which has agreed to cease taking on new business. Investors argue that more action should have been taken against the company by the UK Securities and Futures Authority (SFA). Fidelity and the SFA have negotiated an agreement which has angered some investors who think that the SFA has favored Fidelity. The SFA has received around 200 complaints relating to Fidelity since April 1996, and usually only receives 400 in a full year relating to all the companies it deals with.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Small investors still struggling
Article Abstract:
A new electronic trading system introduced on the London Stock Exchange has hit private investors in the United Kingdom. There have been allegations that dealers have been manipulating the market by offering low prices for some stocks when there were few orders. Prices can be affected by a small number of trades when dealing volumes drop. The Stock Exchange recommends that private investors set price limits, and does not plan to protect small investors further.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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