07 Aug '12, 4pm

Technical Glitches Hit Tokyo and Madrid Market Exchanges

Both the Tokyo Stock Exchange (TSE) and Madrid Bolsas y Mercados Españoles (BME) have suffered technical glitches during the past 24 hours. The Japan Times is reporting that the TSE halted trading in derivatives this morning for about 95 minutes this morning. While the impact doesn’t seem to be consequential, the “systems problems” as the TSE is calling its computer glitch is yet another major embarrassment. The TSE has a history of repeated outages over the past several years, with the last one occurring in February affecting the TSE for three hours or more. The February incident cost the head of the TSE 30 percent of his salary for one month, while other executives had their pay cut by 20 percent. In Spain, according to the Associated Press , trading at the BME was interrupted from 1005 to 1450 Madrid time yesterda y. The BME would not comment on the cause of the technic...

Full article: http://spectrum.ieee.org/riskfactor/computing/it/technica...

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