BIG BANG Definition

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BIG BANG are changes in UK stock exchange practices that took place in 1986. They permitted institutions such as banks and insurance companies to own stock exchange subsidiaries, abolished the segregation between brokers and jobbers and ended the system of fixed commissions.

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SWAPTIONS are over-the-counter options on swaps.

SHARE CAPITAL is that portion of a corporations equity obtained from issuing shares in return for cash or other considerations.

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