JPX connection failure results in disruptions at Japanese securities firms

Maria Nikolova

The Exchange has not explained what caused the partial connection failure in the equity trading system today.

A number of Japanese brokerages have had a rough day as a result of JPX tech issues. The Exchange has confirmed that there has been partial connection failure in the equity trading system but did not elaborate on what caused the problem.

In a brief notice on its website, JPX stated:

“Today, some of the channels for connecting the stock trading system (arrowhead) to the brokers-dealers have been disrupted.

There are several connecting routes to this system, and brokers-dealers are requested to switch to connecting routes other than the failure route. However, some brokers-dealers may have problems with connecting to this system.

Trading is conducted as usual.”

The companies that suffered disruptions to their services include brokerages like SMBC Nikko Securities and Mizuho Securities. They managed to restore the affected services although they also warned of some delays in processing of orders and other minor issues that can be solved with the help of customer service.

Let’s recall that JPX, in cooperation with a wide range of stakeholders, such as financial institutions and IT vendors, conducts proof of concept (PoC) testing and research to discuss the possibility of applying blockchain or distributed ledger technology (DLT) to capital market infrastructure.

The consortium conducting the tests consists of 33 Japanese financial institutions and other related organizations, which deploy DLT applications for financial infrastructure developed by financial institutions, IT vendors, and other related entities, as well as issue proposals on PoC testing and assess the need for such applications.

The aim of these joint efforts is to gather broad expertise from a wide range of participants and conduct PoC testing, research, and studies on various use cases for financial infrastructure. JPX has insisted that it hopes these will contribute to not only solving technical issues, but also generate numerous benefits, such as creating new businesses, streamlining business operations, and reducing costs.

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