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Another Market Breaks - Tokyo Stock Exchange Halts Derivative Trades

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Tue, 07 Aug 12 8:48 AM | 40 view(s)
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Submitted by Tyler Durden on 08/06/2012 - 20:46 Japan

Earlier today the Spanish stock exchange was down for nearly 5 hours - the reason is unclear: perhaps as a form of precrime punishment to all those felons who would even consider selling stocks in the future. Now, the SkyNet self-awareness wave goes East just as Japan opens and takes down all Tokyo derivative trading:

Tokyo Stock Exchange Stops Derivative Trades, Cites System Error - BBG
Tokyo Stock Exchange Group stopped trading of Topix futures, JGB futures and options from around
9:20 a.m. because of a systems error.
Co. spokesman Naoya Takahashi spoke in phone interview

In the aftermath a series of events such as the FaceBook IPO collapse, Knight, IBEX, this was only logical and expected. Tomorrow, any stock market that even thinks of a red candle will be halted indefinitely.

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http://www.zerohedge.com/news/another-market-breaks-tokyo-stock-exchange-halts-derivative-trades




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