TSE Reels from Trading Error
FRONT PAGE: NEWS ANALYSIS
TOKYO—After an erroneous trade that could cost Mizuho Securities up to $330 million, the Tokyo Stock Exchange (TSE) has launched an investigation into its trading systems, according to TSE officials.
According to official statements from the TSE, the error occurred in the exchange's stock/convertible bond trading platform provided by IT systems vendor Fujitsu.
To recap, on Dec. 8, a Mizuho Securities trader entered an erroneous order to sell 610,000 shares of J-Com at one yen each, rather than one
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