System down: London Stock Exchange

Article Abstract:

The London Stock Exchange's selection of Anderson Consulting to upgrade its computerized stock quotation system is unpopular with some member firms, who prefer a trading system modeled after the US's NASDAQ. Anderson Consulting's system will cost about 50 million pounds.

Prepackaged software, Computer programming services, Contracts, Andersen Consulting, Computer system conversion

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What is a stock exchange for?

Article Abstract:

The London Stock Exchange may lose its status as the center of European trading because of its archaic paper based system. Attempts to implement the Taurus electronic trading system have failed, and investors are fed up with the time it takes to complete transactions.

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On a crest: London share settlement

Article Abstract:

London, England lost some credibility as an international trading center when its stock-exchange failed to implement the Taurus electronic share settlement system, costing itself $600 million. It hopes to have a replacement system up and running by 1996.

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