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The papers in this monograph were prepared for the Lombard Street Research Witness Seminar on the Old Gilt-edged Market organised by the Centre for Contemporary British History at the Bank of England on 22 March 2006.

The 'Golden Age' began with the recruitment in 1960 and 1961 of a new breed of technically qualified stockbrokers and investment managers who were also mathematicians, actuaries and economists. It ended in 1986 with 'Big Bang' when the old roles of jobber and broker were combined. This monograph describes analytical techniques developed for gilt-edged research at that time.

The monograph comprises three papers:

  • An account of analytical techniques developed in the 1960s and 1970s in the gilt-edged market - the Greenwell story, by Gordon Pepper
  • Some switching techniques used in the 1960s and 1970s - the Philips & Drew story, by Bruce Cottrell with additions by John Lewis
  • The old gilt-edged market - analytical methods et al, an Addendum, by Patrick Phillips.
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