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TOKYO (AP) - The Tokyo Stock Exchange, still reeling from a recent computer overload and embarrassing computer glitch, said Wednesday it will spend 62 billion yen ($531.5 million) to strengthen its trading system.
The world's third largest bourse after New York and London, the TSE curtailed trading on Jan. 18 after a scandal at an Internet startup triggered a surge in sell orders — a move analysts said could undermine global investors' confidence in Japan's financial markets. The exchange has since shortened its afternoon trading session by 30 minutes.
Those problems came just a couple months after a computer glitch forced the exchange to suspend trading for all but the final 90 minutes on Nov. 1, its worst ever systems shutdown.
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