Anonymous ID: c2b8d7 Oct. 1, 2020, 4:44 p.m. No.10876005   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

Tokyo Stock Exchange to resume trading Friday after outage debacle

 

The Tokyo Stock Exchange said normal trading would resume on Friday morning as planned, a day after the worst-ever outage brought the worldโ€™s third-largest equity market to a standstill. The glitch was the result of hardware problem at its โ€œArrowheadโ€ trading system, and a subsequent failure to switch to a back-up, the bourse said on Thursday. It caused the first full-day suspension since the exchange switched to all-electronic trading in 1999. The outage came on a day of high anticipated trade volume following the release of the Bank of Japanโ€™s closely watched tankan corporate survey and a rise on Wall Street. The meltdown also occurred just two weeks into new Prime Minister Yoshihide Sugaโ€™s term during which he has prioritised digitalisation and undermined Tokyoโ€™s hopes of replacing Hong Kong as an Asian financial hub.

 

https://www.reuters.com/article/japan-stocks-tse/update-2-tokyo-stock-exchange-to-resume-trading-friday-after-outage-debacle-idUSL4N2GS3J8