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Making a market. The jobbers of the London Stock Exchange, 1800–1986

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  • ATTARD, BERNARD

Abstract

This article juxtaposes two bodies of oral evidence collected in 1877–78 and 1989–91 respectively to explore the dynamics of the London Stock Exchange as a physical market. The analysis highlights the long-run continuities in the pattern, organisation and culture of trading activity. In particular, it emphasises the necessity experienced by market makers (known as jobbers) to adapt to the demands of a highly visible trading environment. More broadly, further evidence is provided of the nature and diversity of trade relationships, economic exchange and price creation.

Suggested Citation

  • Attard, Bernard, 2000. "Making a market. The jobbers of the London Stock Exchange, 1800–1986," Financial History Review, Cambridge University Press, vol. 7(1), pages 5-24, April.
    • Handle: RePEc:cup:fihrev:v:7:y:2000:i:01:p:5-24_00
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