Japan Bond Trading Skids, TSE Looks for U.S. Bids
EXCHANGE TECHNOLOGIES
TOKYO—Trading in Japanese Government Bonds (JGBs) was disrupted last Thursday following a systems malfunction at the country's largest interdealer broker, Japan Bond Trading Co. (JBTC). JBTC was forced to suspend cash debt transactions for several hours while it investigated the error, which was rectified by the start of the afternoon session.
While market sources say that the material effect of the glitch is not significant—compared to recent technology failings at the Tokyo Stock Exchange (TSE
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