The Jobbing System of the London Stock Exchange: An Oral History

Interviewee's surname:  Sargent		Title: Mr
Interviewee's forenames:  Michael Carlisle
Date of birth:  30 August 1942	Sex: Male

Date(s)  of recording: 18 January 1990
Location of interview:   Warburg Securities, 1 Finsbury Av., EC2
Name of  interviewer: Bernard Attard
Type of recorder: Marantz CP 430
Total  no.   of  tapes:   2	Speed:
Type  of  tape:   TDK AR 60	Noise  reduction: DBX
Mono or stereo:Stereo	Original or copy: COPY
Additional material: Copyright/Clearance: CMH No restrictions

SUMMARY OF CONTENTS

Tape 1, Side 1

Family and personal background; third generation of a jobbing family; origins and history of G.D. Atkin; impact of Stock Exchange on family life; travels after leaving school; joins firm in 1961; training; Blue button; member of Stock Exchange; description of the firm; book-and-pencil jobbers; office accommodation; responsibilities of a member dealer; communications in the Stock Exchange; the brewery book; brokers and broker dealers; Atkins1 approach to jobbing; Durlacher; brewery pitch; brewery market.

Tape 1, side 2

Continues description of jobbing in the brewery market; impressions of the Stock Exchange during the 1960s; partnership; merger with Akroyd & Smithers in 1970; takeovers; the press; consequences of merger with A & S; jobbing during the 1970s; the jobbers' committee; functions of the committee; relations with brokers.

Tape 2, side 1

Changes in the Stock Exchange during the 1970s; American Depository Receipts (ADRs); pressure for change coming from jobbers; International Dealers (IDs); career with A & S; typical day in early 1980s; comparison of Stock Exchange with start of his career; memorable jobbers; qualities of a successful jobber; feelings about his career.