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JPX would like to deeply apologize for the inconvenience caused to many investors and other market users due to the failure in the arrowhead cash equity trading system on October 1, 2020.
JPX has today established a "System Failure Investigation Committee" comprised of independent outside directors of JPX, as listed below. The committee will investigate, among other things, the cause(s) of the system failure and will work to maximize the effectiveness of measures put in place based on the investigation results, including those to prevent similar incidents.
1. Committee Members
- Chairperson Kubori Hideaki (Member of the Nomination Committee and Chairperson of the Risk Policy Committee)
- Other Members Endo Nobuhiro (Member of the Nomination Committee), Kohda Main (Member of the Audit Committee and Member of the Risk Policy Committee), Yoneda Tsuyoshi (Chairperson of the Audit Committee and Member of the Risk Policy Committee)
* All of the above members are independent outside directors of JPX.
* An expert may be selected to assist the committee on an as-needed basis.
2. Scope of Investigation
- Cause(s) of the system failure
- Our response to the system failure
- Measures to prevent similar incidents
- Policies for improving the reliability of systems of the entire JPX group
- Locus of responsibility
