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Tokyo Stock Exchange to resume trading Friday after outage debacle

The Tokyo Stock Exchange said normal trading would resume on Friday morning as planned, a day after the worst-ever outage brought the world's third-largest equity market to a standstill. The glitch was the result of hardware problem at its "Arrowhead" trading system, and a subsequent failure to switch to a back-up, the bourse said on Thursday.

Reuters | Tokyo | Updated: 02-10-2020 10:08 IST | Created: 02-10-2020 04:12 IST
Tokyo Stock Exchange to resume trading Friday after outage debacle
Representative Image Image Credit: Pixabay

The Tokyo Stock Exchange said normal trading would resume on Friday morning as planned, a day after the worst-ever outage brought the world's third-largest equity market to a standstill.

The glitch was the result of a hardware problem at its "Arrowhead" trading system, and a subsequent failure to switch to back-up, the bourse said on Thursday. It caused the first full-day suspension since the exchange switched to all-electronic trading in 1999.

The outage came on a day of high anticipated trade volume following the release of the Bank of Japan's closely watched tankan corporate survey and rise on Wall Street. The meltdown also occurred just two weeks into new Prime Minister Yoshihide Suga's term -- during which he has prioritized digitalization -- and undermined Tokyo's hopes of replacing Hong Kong as an Asian financial hub.


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