Report submitted to The Financial Services Agency due to TSE system trouble October 16 at 11:49 p.m.
On the 1st of this month, the Tokyo Stock Exchange and its parent company, the Japan Exchange Group, submitted a report to the Financial Services Agency due to system problems that occurred on the Tokyo Stock Exchange.
The Financial Services Agency is 1st to scrutinize the contents of the report and consider administrative measures.
On the 1st of this month, due to system troubles on the Tokyo Stock Exchange, where trading of stocks and other products was suspended all day, the Japan Exchange Group and the Tokyo Stock Exchange submitted a report on the evening of the 16th, based on a report request order from the Financial Services Agency.
According to the person concerned, when the equipment of the system failed, it was said that the backup function did not work properly because there was a mistake in the setting, and the setting was already changed to prevent recurrence, and the entire system was inspected for similar defects.
In addition, in order to be able to resume trading promptly even in the case of system trouble in the future, in addition to establishing certain rules with securities companies in advance, we are also working to establish a council to consider concrete measures to prevent recurrence.
The Council will hold its first meeting next week with members such as executives of major securities companies and Net Securities, as well as institutional investors.
The Financial Services Agency is expected to examine the contents of the submitted report and then consider administrative dispositions, and the Japan Exchange Group and others will make decisions on clarification of responsibility based on the response of the Financial Services Agency.