Tokyo Stock Exchange to submit report on trade outage to regulator - Nikkei

Credit: REUTERS/KIM KYUNG-HOON

The Tokyo Stock Exchange (TSE) and its parent Japan Exchange Group will submit a report to their regulator on Friday on a trading outage that paralysed the world's third-largest bourse earlier this month, the Nikkei business daily reported.

TOKYO, Oct 16 (Reuters) - The Tokyo Stock Exchange (TSE) and its parent Japan Exchange Group 8697.T will submit a report to their regulator on Friday on a trading outage that paralysed the world's third-largest bourse earlier this month, the Nikkei business daily reported.

A system failure halted trading at the TSE all day on Oct. 1, the worst outage since the start of electronic broking in 1999, following a hardware problem and subsequent failure to switch to a back-up.

To prevent future trading halts, the TSE says it will come up with procedures to resume trading following system trouble and set up a consultation body with brokerages to discuss necessary measures, the Nikkei reported.

(Reporting by Hideyuki Sano; editing by Richard Pullin)

((hideyuki.sano@thomsonreuters.com; +81 3 4563 2768;))

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