Exchange consolidation in Asia making trading technology vulnerable to failure
Competition among exchanges in Japan is necessary to prevent systems outages such as those in the Osaka Securities Exchange earlier this month
The derivatives trading halt at the Osaka Securities Exchange (OSE) caused by a system failure in the Nikkei futures and options trading platform, points to the technological challenges brought about by a lack of competition among trading venues in the region, according to a securities broker at the OSE.
The OSE, which merged with the Tokyo Stock Exchange in January 2013, experienced a system outage on March 4 that led to a trading halt in Nikkei futures and options for four hours. Trading
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