TSE's Arrowhead Suffers 'Hardware Failure', Halts Trading
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.
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