Chairman of the Japan Securities Dealers Association Requests development of rules to prevent recurrence of TSE trouble October 21, 18:40
Regarding the system trouble that occurred on the Tokyo Stock Exchange on the 1st of this month, Shigeharu Suzuki, chairman of the Japan Securities Dealers Association, told TSE at a press conference on the 21st that "there was a good chance of a huge loss" to prevent recurrence. He expressed his intention to request the development of clear rules.
Among them, Chairman Suzuki commented on the system trouble of the Tokyo Stock Exchange, where trading of all stocks was suspended all day, "It is very regrettable that it damages the reliability of the Japanese market. Trading has been suspended all day. In that sense, there was a good chance that a huge loss would occur. "
In addition, he pointed out that TSE did not have a rule to promptly resume trading after a system trouble like this time, and said, "We decided on proper rules so that domestic and foreign investors can trade smoothly. I would like you to think that the market will not close all day long, "he said, and expressed his intention to request TSE to establish clear rules to prevent recurrence.
TSE is near, set up, such as a new council securities company, it is organize policy rules to the prospect of the end of March next year.