TSE Opts for New Data System

FRONT PAGE: EXCHANGE WATCH

The Tokyo Stock Exchange (TSE) has decided to replace its market information and equities trading systems at a cost of ¥18 billion ($164 million) following delays in market data and trade confirmations in July. The sum includes five years’ running costs.

The exchange plans to replace its Hitachi market information system by April 2005 with an improved set-up from the same vendor. TSE officials decided against changing vendors in order to facilitate a smooth transition to the new system.

The n

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