|
Name
of system |
Current
number of executions |
|
Clearing system |
Number of executions
per day (to be executed by TSE): 8.4 million |
Due to the augmentation of clearing system capacity this time, TSE's systems will have enough capacity to accommodate an increase in the number of executions, taking into account the recent number of executions (average number of executions per day in April 2006: Approximately 2.55 million). As such, TSE has come to the conclusion that we are unlikely to be forced to halt transactions during trading hours in view of clearing system capacity. Therefore, in the future, TSE will not set an arbitrary number of executions at which we will halt transactions, but decide whether transactions need to be halted by looking at the overall situation, after taking into account the transaction situation when the number exceeds 90% of the clearing system capacity. (In the case that TSE concludes trading should be halted, market participants will be notified before the halt)
In addition, as announced earlier, the stock / convertible bond trading systems are scheduled to increase the maximum number of orders per day from the current 9 million to 12 million by May 22. At the moment, TSE employs a criterion for trading halt if the number of orders reaches 8.5 million. However, even after the system capacity is augmented, the above-mentioned policy will be adopted.
TSE deeply apologizes for the considerable inconvenience caused to market users including investors and trading participants. TSE is committed to ensuring stable market operations by continuously making efforts in necessary system capacity augmentation. We sincerely ask for your kind understanding and support.
