17 July 2018
Visit www.gemalto.com

Tokyo Stock Exchange hit by technical failure

01 November 2005  |  8041 views  |  0 Tokyo Stock Exchange hit by technical failure

The Tokyo Stock Exchange (TSE) was forced to suspend trading of stocks and convertible bonds for more than four hours on Tuesday morning following problems with a software upgrade.

According to local news reports, the TSE's trading capacity was increased in early October to deal with larger trading volumes, but the software was not made compatible with data alterations, which caused the trading system to malfunction.

Share trading eventually began at 1.30 pm local time, four and a half hours later then usual. A statement released by the TSE says the technical difficulties in the stock/convertible bond trading system that caused suspension of the stock trading session have been resolved.

Regional stock markets in southern Fukuoka and northern Sapporo use the same trading system and were also forced to halt trading of stocks and convertible bonds.

Japan's regulatory Financial Services Agency, which is due to make a decision on TSE's plans to list, has called for the exchange to file a formal report on the systems failure.

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 stories

System glitch disrupts FX trading on CME's Globex - Reuters

System glitch disrupts FX trading on CME's Globex - Reuters

03 June 2005  |  7351 views  |  0 comments
Tokyo Stock Exchange to distribute corporate actions data over SwiftNet

Tokyo Stock Exchange to distribute corporate actions data over SwiftNet

12 October 2004  |  9897 views  |  0 comments
Tokyo Stock Exchange to replace trading systems

Tokyo Stock Exchange to replace trading systems

21 November 2003  |  7139 views  |  0 comments
Tokyo Stock Exchange offers corporate actions service

Tokyo Stock Exchange offers corporate actions service

02 November 2001  |  4379 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit https://secure.vasco.comVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
10404 views comments | 19 tweets | 30 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
9375 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
8740 views comments | 6 tweets | 14 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
7744 views comments | 1 tweets | 5 linkedin

Featured job

Find your next job