Japan’s Financial Services Agency (FSA) will initiate on-site investigations of the Tokyo Stock Exchange (TSE) following system failure that shut down equities trading during the month, according to NikkeiAsia. TSE submitted the incident report on Friday, and the FSA will review the details of system problems, including the exchange’s internal control.
- FSA will weigh administrative actions with a business improvement order a possible action
- TSE canceled equities trading on October 1 following a system failure attributed to a faulty piece of equipment in the Fujitsu-made “arrowhead” trading system
- TSE suffered the last system failures in 2005 and 2012.
Nikkei 225 is down 0.44%.
