According to the rules to be put in place next month, the
The rules compiled by a TSE panel of outside directors and market professionals will be implemented on
Due to a failure in automatically switching over to its backup system, the day-long stoppage, which also suspended all trading of equities listed on stock exchanges in
Under the new rules, trading will restart manually, when the backup system fails, after the bourse confirms that securities houses with a combined trading share by value of 50 percent or more and at least five brokerages serving retail investors with an aggregated share of 30 percent or more are able to trade again.
Orders placed prior to a suspension will be canceled when it becomes necessary to reboot the system. When the outage occurred in October, the TSE could have switched to the backup server manually but did not do so out of concerns that orders would have been canceled.
The TSE decided on these measures as similar steps have been introduced in
Once the system is back up, traders will be guaranteed 15 minutes for re-placing the orders and another 15 minutes for trading.
The TSE will continue discussing whether the market close should be extended from the current
==Kyodo
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