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Tokyo Stock Exchange suffers major glitch, traders furious Thursday, 2nd February 2012
The Tokyo Stock Exchange suffered its first cash-trading glitch in six years on Thursday, with no morning trade for 240 shares and instruments including Sony Corp.
Hiroaki Uji, director of IT development at the Tokyo Stock Exchange, told a news conference that the exchange was still investigating the problem but ruled out the possibility of cyber terrorism when asked by reporters.
The glitch affected 153 Topix shares, some exchange-traded funds (ETFs), real estate investment trusts (REITs) and convertible bonds.
"This is absolutely ridiculous. Absolutely ridiculous. On a day like today, it's earnings season for god's sake," a trader told Reuters.
The issue was resolved by the start of the afternoon session at 12:30 p.m. (10:30 p.m. ET).