Trading in Tokyo Resumes Following Glitch
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The Tokyo Stock Exchange (TSE) has resumed regular operations on Friday after a technical outage that lasted all day Thursday.
TSE is currently planning to replace the hardware and taking steps, including other maintenance, to ensure normal trading from tomorrow onwards, bourse operator Japan Exchange (JPX) said on Thursday evening.
There was no indication that the exchange’s biggest glitch in a decade was caused by hacking or other cybersecurity breaches.
JPX explained that Thursday’s outage was the result of a hardware failure. «The switchover from the failed device to the backup device did not work properly, and as a result, market information could not be distributed, JPX said.
JPX has been on the receiving end of criticism over its crisis management and poor communication to investors regarding the outage.
The matter has also raised questions over Japan’s digital systems and infrastructure, particularly as the country seeks to boost its status as an international financial hub.
Questions & Answers
Q.What caused the technical outage at the Tokyo Stock Exchange?
What caused the technical outage at the Tokyo Stock Exchange?
The outage was caused by a hardware failure. The planned switchover from the failed device to its backup did not function correctly, preventing the distribution of market information.
Q.When did the Tokyo Stock Exchange resume normal trading?
When did the Tokyo Stock Exchange resume normal trading?
Regular operations at the Tokyo Stock Exchange resumed on Friday, following a full day of outage on Thursday. The bourse operator is taking steps to ensure normal trading continues from Saturday onwards.
Q.What measures is the Tokyo Stock Exchange taking to prevent future outages?
What measures is the Tokyo Stock Exchange taking to prevent future outages?
The Tokyo Stock Exchange is planning to replace the faulty hardware and implementing other maintenance procedures. These steps are intended to ensure normal trading from tomorrow onwards and prevent further disruptions.
Q.How has the market responded to JPX's handling of the outage?
How has the market responded to JPX's handling of the outage?
JPX has received criticism regarding its crisis management and the quality of its communication with investors during the outage. The incident has also raised broader concerns about Japan's digital infrastructure.
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