Tokyo Stock Exchange Scraps Trading, Market Information Systems
EXCHANGE TECHNOLOGIES
TOKYO--Tokyo Stock Exchange (TSE) officials have decided to replace the equities trading and market information systems of the exchange 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 market data information system based on Hitachi hardware with an improved set up from the same vendor by April 2005. One month later, it will install a new a new equities trading
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