Bloomberg (April 20)
“The Tokyo Stock Exchange’s worst breakdown in six years has forced a rethink of the role alternative trading platforms play in ensuring that shares of some of the world’s biggest companies keep changing hands.” A February 2 computer glitch halted trading on many of the TSE’s biggest stocks. In the future, the Japan Securities Dealers Association will allow alternative trading platforms such as Chi-X Japan and SBI Japannext to continue trading if the TSE suffers another disruption. This will ensure that trading is possible even when the TSE breaks down.
“The Tokyo Stock Exchange’s worst breakdown in six years has forced a rethink of the role alternative trading platforms play in ensuring that shares of some of the world’s biggest companies keep changing hands.” A February 2 computer glitch halted trading on many of the TSE’s biggest stocks. In the future, the Japan Securities Dealers Association will allow alternative trading platforms such as Chi-X Japan and SBI Japannext to continue trading if the TSE suffers another disruption. This will ensure that trading is possible even when the TSE breaks down.
Tags: Chi-X Japan, Exchange, JSDA, SBI Japannext, Trading, TSE
