System Glitch Hits TSE

Economy

Tokyo, Oct. 9 (Jiji Press)--A system glitch hit the Tokyo Stock Exchange on Tuesday, making it unable for some brokerage firms to accept trading orders.

According to Japan Exchange Group Inc. <8697>, the operator of the leading stock market in the country, also known as JPX, a problem occurred at one of the four computer servers used to connect securities firms with the exchange's trading system at around 7:30 a.m. (10:30 p.m. Monday GMT).

JPX said it has no idea about when the glitch can be fixed.

As a result, a number of brokerage houses, including major players Nomura Securities Co., Daiwa Securities Co. and SMBC Nikko Securities Inc., have been unable to take trading orders normally, with some of the companies partially suspending order acceptance.

The operator called on brokerages to switch to the healthy servers, but those firms have failed to do so, JPX officials said.

[Copyright The Jiji Press, Ltd.]

Jiji Press