Tokyo stock exchange updated trade system
Stock exchange of Tokyo ran super fast trade system
In brief: The exchange of Tokyo completely updated the trade system by increasing its action speed and reliability.As Reuters reports on January, 4, the stock exchange of Tokyo ran the new trade system with heightened action speed and reliability. The creation of the new trade system called “Arrowhead” cost 13 billion yen (about 140 million USD). Now Tokyo’s trade square comes along with that of London and New York by its technical equipment.
First of all it is worth noticing that the new system is 600 times faster than previous one. It takes only 5 milliseconds to accept an order for transaction and 3 milliseconds to form the information about market changes. In order to compare the previous system supposed about 2-3 seconds to fix a transaction thus during that time stock prices could change. Besides permanent computer failures caused losses of bidders which became the reason to pay 10.7 billion yen to make restitution to traders.
Ukrainian Globalist2010-01-05 10:31, Economics.