111405

BRIEF OBJECTS

TSE MYSTERY SOLVED

Tokyo Stock Exchange (TSE) officials last week provided an explanation for a trading halt on Nov. 1 that lasted for approximately four-plus hours (DWT, Nov. 7). Specifically, the stock/convertible bond trading system, developed by Fujitsu, suffered a software glitch, which was compounded by an oversight, according to Takuo Tsurushima, president and CEO for the TSE. "During the recent augmentation of the order processing ability of the trading system, a latent bug that had

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