Mizuho Seeks $350M from TSE
EXCHANGE TECHNOLOGIES
TOKYO—Mizuho Securities is demanding Y40.4 billion ($347 million) in compensation from the Tokyo Stock Exchange (TSE) for a trading error last year that the bourse's transaction system could not cancel in time.
TSE officials confirm that a deadline of Sept. 15 has been set for the exchange to respond before Mizuho begins legal proceedings. However, a statement from the TSE's president, Taizo Nishimuro, says that the exchange has "no intention" of paying the charge, despite initially having
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