Everything about Taurus Share Trading totally explained
Taurus was a program that set out to transfer the
London Stock Exchange from paper communication to an automated system. It was started in the 1980s 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'd no concise scope, resulting in
scope creep and
cost overrun. Taurus 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.
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