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Fujitsu chief apologizes for Tokyo bourse glitch, vows probe

Fujitsu Ltd President Takahito Tokita asked forgiveness Monday for the system problem recently that created an all-day trading suspension on the Tokyo bourse, as the designer pledged to completely explore the source of the breakdown.

“We deeply apologize for causing significant trouble to the Tokyo Stock Exchange, market participants and many others,” Tokita informed an on-line rundown. “We will continue to make all-out efforts to look into the cause (of the glitch) and prevent a recurrence.”

The bourse utilizes the “arrowhead” trading system created byFujitsu Thursday’s interruption, the most awful for the exchange because it completely electronic trading in 1999, complied with a flaw in the system’s equipment, with its automated back-up stopping working to function.

The Japanese company upgraded the system in November in 2015.

The trading suspension at the TSE, the globe’s third-largest bourse after the New York Stock Exchange as well as the Nasdaq Stock Market in the United States, difficult Japan’s initiatives to enhance Tokyo’s standing as an Asian economic center.

Related protection:

EMPHASIS: Glitch- created trading stop intimidates market rely on Tokyo bourse

Regulators to buy Tokyo bourse to report on worst-ever problem

Tokyo stock trading halted because of worst-ever breakdown



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