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It was started in the 1980s and was intended to replace the TALISMAN system, which was only available for settlement of trades between participating brokerage firms. TAURUS was also meant to change the London Stock
Exchange settlement from a two week account period, settling all trades that occurred
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within each two-week interval in one batch, to a rolling settlement system, settling all trades three business days after the date of the trade. The TAURUS project required software and hardware development but also required legal and other systemic changes, resulting in
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With seventeen proposed systems, the designers behind TAURUS tried to merge the ideas of the people involved, creating a
Frankenstein's monster that resulted in costs estimated at £400 million to the stakeholders.
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shares from transmission of paper share certificates to an automated system. TAURUS was intended to reduce the time taken and the cost of settlement, increasing convenience and reducing settlement risk.
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described its failure to build the system as "the beginning of the end for the London Stock
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Trading around the clock : Global
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54:. TAURUS eventually cost £75 million and was replaced with the less-ambitious
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198:. New York City, NY: American Management Association. p.
108:. U.S Congress Office of Technology Assessment. July 1990.
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Transfer and
Automated Registration of Uncertified Stock
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232:Why Projects Fail: London Stock Exchange – Taurus
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27:Software system for the London Stock Exchange
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177:"Taurus: Bank takes the bull by the horns".
183:. 1993-03-14. pp. Business supplement.
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159:. Practical Law Publishing Ltd. 1993-09-01
71:The project was abandoned in March 1993.
132:"Comment: Taking the bull by the horns"
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194:Cybercorp: The New Business Revolution
364:Discontinued custom software projects
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317:. You can help Knowledge (XXG) by
260:. You can help Knowledge (XXG) by
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145:from the original on 2022-05-26.
129:McRae, Hamish (12 March 1994).
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157:"CREST : Little Taurus"
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118:– via Google Books.
18:TAURUS (share settlement)
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252:This article about
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163:2010-06-12
87:References
190:(1996).
143:Archived
75:See also
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31:TAURUS
309:This
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