Tokyo Stock Exchange upgrades

Jan. 23, 2006 at 2:17 AM

TOKYO, Jan. 23 (UPI) -- Embarrassed by a recent mishap, the Tokyo Stock Exchange has announced it has raised the number of stock trades that its computer system can handle.

From the current limit of 4.5 million daily transactions, the TSE said Sunday the system now can deal with up to 5 million trades per day.

Wednesday the world's second largest bourse was forced to close the market 20 minutes early due to sudden surges in transactions primarily caused by the stock-related scandal involving Livedoor Co.

The TSE noted that it will shorten afternoon trading by 30 minutes, another emergency measure implemented to protect its trade-processing system.

Financial Services Minister Kaoru Yosano criticized the exchange in a Sunday TV program, saying the TSE's system is "slow and imperfect."

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