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Tokyo Markets Reopen After Glitch Halted Trade All Day

October 2, 2020

Tokyo stock markets successfully reopened on Friday after a hardware failure caused an unprecedented day-long halt to trade on one of the world’s biggest exchanges.

The benchmark Nikkei 225 index was up 0.52 percent or 121.63 points at 23,306.75 in early trade while the broader Topix index was up 0.49 percent or 7.93 points at 1,633.42.

In a statement, the Tokyo Stock Exchange confirmed trade “will be conducted as usual”.

“We would like to express our sincerest apologies for the inconvenience caused by the system failure of Tokyo Stock Exchange, and we would like to ask for your continued support and cooperation in the operation of the market,” it added.

Late Thursday, TSE officials said the shutdown had been caused by a hardware malfunction that they said was fixed.

The problem was discovered before Thursday’s opening bell and meant the entire trading day was lost on Tokyo’s two leading indexes,

Palantir insiders locked out of trading due to software glitch

October 1, 2020

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Palantir insiders were temporarily unable to sell shares Wednesday due to an issue with Morgan Stanley’s trading software, Shareworks, CNBC first reported and Shareworks confirmed to Business Insider.
The data-mining company went public Wednesday morning via a direct listing at $10 per share, but took a page from the traditional IPO process by having a “lock-up” period for existing investors.
Palantir still allowed those investors to sell up to 20% of their shares during the lock-up, but according to CNBC, some initially couldn’t take advantage of it because of a software glitch.
A spokesperson for Shareworks by Morgan Stanley told Business Insider the company “experienced slowness that may have resulted in delayed logins into our system” but that its call centers were able to execute trades “at all times.”
Palantir’s stock jumped as much as 14% per share in early hours, but dropped again later in the day.
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Tokyo Stock Exchange Suspends Day’s Trade After Worst-Ever System Glitch | Investing News

October 1, 2020

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By Stanley White and Eimi Yamamitsu

TOKYO (Reuters) – The Tokyo Stock Exchange suspended share trading for the full day on Thursday as a glitch in its electronic trading system caused the worst outage ever suffered by the world’s third-largest stock market.

The shutdown frustrated investors looking to buy back shares after the first U.S. presidential debate, and could tarnish the exchange’s credibility just as new Prime Minister Yoshihide Suga makes digitalisation a top priority and Tokyo looks to replace Hong Kong as Asia’s financial hub.

The exchange blamed the outage on a hardware problem at its “Arrowhead” trading system, but added that it found no evidence of unauthorised access. It was the worst glitch since the exchange switched to all-electronic trading in 1999, it said.

There have been far fewer technical problems since the introduction of the high-speed “Arrowhead” system a decade ago. Before that, the Tokyo exchange was

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