| 词条 | TAURUS (share settlement) |
| 释义 |
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.[1]{{rp|92}} TAURUS was also to change London Stock Exchange settlement from a two week account period, settling all trades that occurred 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.[2] The TAURUS project required software and hardware development but also required legal and other systemic changes, resulting in scope creep and cost overrun. TAURUS eventually cost £75 million and was replaced with the less-ambitious CREST system.[3] 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. The Sunday Times described its failure to build the system as "the beginning of the end for the London Stock Exchange".[4] The project was abandoned in March 1993. References1. ^1 {{cite book |url=https://books.google.com/books?id=y-fb30MnFe4C&pg=PA93&lpg=PA93&dq=london+stock+exchange+2+week+account+cycle&source=bl&ots=iZKDaUj44G&sig=sU7hjrupEzBbHoMWY_ebTVxKCLs&hl=en&sa=X&ved=0ahUKEwiMp4_blo_ZAhXjQd8KHeq3AzkQ6AEIVzAH#v=onepage&q=taurus&f=false |title=Trading around the clock : Global Securities markets and Information Technology |date= July 1990 |publisher=U.S Congress Office of Technology Assessment |via=Google Books}} 2. ^{{cite news |first=Hamish |last=McRae |url=https://www.independent.co.uk/news/business/comment-taking-the-bull-by-the-horns-1497198.html |title=Comment: Taking the bull by the horns|date=12 March 1993 |publisher=The Independent }} 3. ^{{cite news | last = | first = | authorlink = | coauthors = | title = CREST : Little Taurus | work = | pages = | date = 1993-09-01 | url = http://www.practicallaw.com/7-100-4206 | accessdate =2010-06-12 | publisher = Practical Law Publishing Ltd | location = | page = | doi = | isbn = }} 4. ^{{cite news | last = | first = | authorlink = | coauthors = | title = Taurus: Bank takes the bull by the horns | work = The Sunday Times | pages = Business supplement | date = 1993-03-14 | url = | accessdate = }}; cited in {{cite book | last = Martin | first = James | authorlink = James Martin (author) | title = Cybercorp: The New Business Revolution | publisher = American Management Association | location = New York City, NY | date = 1996 | page = 26 | doi = | isbn = 0814403514 }} See also
External links
3 : Discontinued custom software projects|Former electronic trading platforms|London Stock Exchange |
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