Before 1986, there were brokers, acting for clients, and jobbers, making a market, and never the twain could meet. This system had been abandoned elsewhere, and the reform opened London to new types of institutions, especially the major US investment banks.
1986年之前，存在代表客户利益的经纪人和做市的批发商，两者不能合而为一。这一制度在其他国家早已被弃，撒切尔的改革也打开了伦敦的大门，新的机构类型，特别是美国大投行开始涌入。