Tokyo Stock Exchange to submit report on trade outage to regulator - Nikkei

TOKYO, Oct 16 (Reuters) - The Tokyo Stock Exchange (TSE) and its parent Japan Exchange Group will submit a report to their regulator on Friday on a trading outage that paralysed the world’s third-largest bourse earlier this month, the Nikkei business daily reported.

A system failure halted trading at the TSE all day on Oct. 1, the worst outage since the start of electronic broking in 1999, following a hardware problem and subsequent failure to switch to a back-up.

To prevent future trading halts, the TSE says it will come up with procedures to resume trading following system trouble and set up a consultation body with brokerages to discuss necessary measures, the Nikkei reported.

Reporting by Hideyuki Sano; editing by Richard Pullin