|
|
|
Author: Anthony Malakian
Source: Sell-Side Technology | 02 Feb 2012
Categories: Exchanges
Topics: Tokyo Stock ExchangeTech
This is the first failure to halt trading for Arrowhead since its launch last year.
Today some trading on the Tokyo Stock Exchange was halted due to a glitch in its information distribution system, according to TSE Group president and CEO Atsushi Saito.
According to reports, nearly 250 stocks and financial instruments were temporarily suspended for more than three hours. This was the first failure for the much-ballyhooed trading platform, Arrowhead, since its launch on Jan. 1, 2011.
Saito, who released a statement apologizing for the disruption, pointed to a "hardware failure" where there was not an automatic failover for one of its eight data distribution system servers. The failure happend right before trading began this morning. He says that full trading will resume tomorrow.
More from Sell Side Technology
Related Articles
Latest Media
Events
Updating your subscription status 
Subscribe to WatersTechnology
WatersTechnology has been designed with our end-users in mind so now you can pick and choose what content you wish to subscribe to and make considerable savings.
Visit our subscribe page now to see which WatersTechnology subscription package suits you.
Events
Training
Email Alerts
Latest Whitepapers
New regulations such as Basel III are changing trading and risk practices by rewarding banks that actively manage their risk exposure at an enterprise...
Supporting multiple securities identifiers imposes an operational burden that adds cost and latency to critical trading processes. Bloomberg’s recently...
Visitor comments Add your comment