Tokyo Stock Exchange (TSE) is to increase its transaction processing capacities from the current 14 million per day to 17 million. Yen 1.7 billion is being invested in the project, which s scheduled for completion this Fall.
On 18 January2006, the total number of orders exceeded 7 million, at the height of the Live door scandal. This rapid increase in activity resulted in the suspension of trading at the TSE. “TSE plans to switch to the Next Generation Trading System in 2009,” says a spokesman for Mizuho Corporate Bank in Tokyo. “In the development of the new system, the indicator for processing capacity will be the number of trades per minute instead of the current ‘trades per day.'”