Too rare! Sudden black swan Japanese Stock Exchange suspended all day!

category:Finance
 Too rare! Sudden black swan Japanese Stock Exchange suspended all day!


Meanwhile, other Japanese markets, including Sapporo, Nagoya and Fukuoka exchanges, suspended trading.

As of press release, the Tokyo Stock Exchange of Japan is still suspended trading.

Japans Tokyo Stock Exchange announced it would suspend trading throughout the day. The announcement said that the time of system recovery could not be determined, and the timetable for resuming the transaction would be announced tomorrow.

Tokyo Stock Exchange suspended trading due to systemic problems

Trading on the Tokyo stock exchange operator was forced to suspend trading on Thursday because of a system problem, according to the company. Just as key economic data on Japans manufacturing PMI was released in September, the Japanese stock exchange group froze trading in shares of thousands of companies and said stock subscription had been rejected. The company said it did not know when the system would be restored and did not specify the reasons, but said it was related to the distribution of market information.

Officials at Japans financial services agency said they were investigating the disruption of exchange services.

Stock traders at a local brokerage firm in Tokyo said many mutual fund investment funds were waiting to enter the market at the beginning of this month and the second half of this fiscal year. If the exchange is not open today and waiting for more and more funds, the market may intensify volatility tomorrow.

It is understood that other markets in the country, including the exchanges in Sapporo, Nagoya and Fukuoka, have also suspended trading. Japans Nagoya Stock Exchange said there were also systemic problems. But derivatives, including futures, traded on the Osaka exchange seem unaffected by systemic problems. As of 10:06 a.m. local time, Osaka Nikkei 225 average stock futures rose 0.3%.

In the past few decades, Japan has also experienced exchange technology failures or system errors.

Tokyo Stock Exchange was once considered by the outside world as one of the exchanges with the most system failures. In the morning of October 9, 2018, due to the failure of the stock trading system, some securities companies such as SMBC Nikko Securities were unable to trade.

In February 2012, derivatives trading was suspended at least twice due to the failure of standby system, resulting in the suspension of trading of 241 securities such as Sony and Tokyo Electric Power.

Stock markets in many countries have experienced system failures

The reasons for the stock exchanges failure can be described as various.

Including power supply system failure, transaction system component software problems, human error, fire, climate. However, the occurrence of faults is very passive for investors, which may lead to the investors orders not closed or abnormal market conditions after the opening of trading orders, which are generally borne by the investors themselves, and the probability of claims by the exchange is very low.

This year, after the New Zealand stock market suffered a cyber attack, global markets are on high alert for any failure. In August this year, the New Zealand stock exchange was attacked by hackers for five consecutive trading days and was forced to shut down.

In February this year, Toronto Stock Exchange, the worlds eighth largest stock exchange, suddenly announced the suspension of stock trading due to technical problems. TMX group, the parent company of the Toronto Stock Exchange, announced on social media that due to the failure of the order system, the Toronto Stock Exchange, the growth enterprise market and the alpha trading system have stopped trading. Investors cannot submit, adjust or cancel existing orders. After troubleshooting, investors will be given sufficient trading time to adjust orders.

The Singapore Exchange has also experienced a number of system failures. On July 14, 2016, due to a serious system failure, the Singapore exchange closed earlier than two hours after trading on that day. In November 2014, SGX suspended trading for nearly 3 hours due to UPS failure. After that, SGX delayed the opening of trading system due to software upgrade. Indias second largest exchange, Bombay Stock Exchange, also suffered a network failure on the morning of July 3, 2014 and was forced to suspend trading, the second system outage in a month. In June 2014, the exchange also encountered a technical failure, resulting in nearly one hour of real-time data blank. In August 2013, there was a serious technical failure in NASDAQ Exchange, which led to a complete paralysis of stock trading on this exchange. Listed companies including apple, Google and Microsoft had to stop trading. In the three hours that it was unable to trade, the failure froze the market value of more than $5.7 trillion. At that time, there were various statements pointing to the causes of IT technology failure and high-frequency trading. Source: China Fund News Editor in charge: Yang Bin_ NF4368

The Singapore Exchange has also experienced a number of system failures. On July 14, 2016, due to a serious system failure, the Singapore exchange closed earlier than two hours after trading on that day. In November 2014, SGX suspended trading for nearly 3 hours due to UPS failure. After that, SGX delayed the opening of trading system due to software upgrade.

Indias second largest exchange, Bombay Stock Exchange, also suffered a network failure on the morning of July 3, 2014 and was forced to suspend trading, the second system outage in a month. In June 2014, the exchange also encountered a technical failure, resulting in nearly one hour of real-time data blank.

In August 2013, there was a serious technical failure in NASDAQ Exchange, which led to a complete paralysis of stock trading on this exchange. Listed companies including apple, Google and Microsoft had to stop trading. In the three hours that it was unable to trade, the failure froze the market value of more than $5.7 trillion. At that time, there were various statements pointing to the causes of IT technology failure and high-frequency trading.