Thursday September 24 2015
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
On 24th September 2015, the Tokyo Stock Exchange (TSE) launched its new, enhanced arrowhead cash equity trading system. Developed together with Fujitsu Limited (Fujitsu) to renew the previous version of the system, arrowhead now offers risk management functions and further enhanced system processing capabilities. Accompanied by trading rule revisions, arrowhead now provides market users with an even safer, more reliable environment where they can trade with confidence.
Risk management functions have been introduced to mitigate risk from advancements in electronic and high speed trading.
- Order Cancellation on Abnormal Disconnection (Cancel on Disconnect)
- Order Suspension/Cancellation (Kill Switch)
- User-designated Hard Limit
- Issues for Testing (Dummy Symbol)
Additionally, system processing capabilities have been enhanced to accommodate large increase in order volume and short-term periods of high order traffic.
Click on the link above for further details.