17 October 2017
visit www.response.ncr.com

Tokyo Stock Exchange to replace trading systems

21 November 2003  |  7035 views  |  0 Tokyo Stock Exchange to replace trading systems

The Tokyo Stock Exchange is to scrap its market information and equities trading systems and bring in new higher capacity systems following an investigation into service interruptions that occured in July.

The TSE executed an "emergency increase of systems capabilities" immediately following a failure in price dissemination this Summer, allocating extra capacity on the primary Cores system for convertible bonds and futures and options trading. The Exchange has since moved to replace the present CPU and in March next year will have re-organised systems programming, effectively doubling data throughput rates to 9000 transmissions per minute for equities.

Trading volumes at the TSE soared in the summer months, rising to two million orders per day, from 1.3 million a year earlier. In October, the main equities trading system executed a trade despite the fact that no buy order had been placed.

At a meeting earlier this week, the TSE Board gave the go-ahead for the implementation of a replacement market information and equities trading system at a total cost of Y8 billion. The new pricing system will increase data transmission capabilities to 17,000 per minute and will be implemented in April 2005, a month before the scheduled introduction of a higher-grade stock trading system.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.temenos.comvisit www.vasco.comvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14481 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13086 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
8974 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7939 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7621 views comments | 13 tweets | 13 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job