TAURUS (share trading)
From Wikipedia, the free encyclopedia
Taurus was a program that set to transfer the London Stock Exchange from paper communication to an automated system. It was started in the 1980's and at the time several systems were up and running that achieved this goal but Taurus was to be bigger and better. The problem was that they had no concise scope. It eventually cost 75 million pounds and was replaced with SEAQ. It was abandoned in March 1993.
With 17 proposed systems, the designers behind Taurus tried to merge the ideas of the people involved creating a Frankenstein's monster that reaped damages of 500 million pounds.
