Exchange of the Year: Tokyo Stock Exchange

Exchange of the Year: Tokyo Stock Exchange

Yoshinori Suzuki, Tokyo Stock Exchange

Not every exchange would be able to hold its head high when calamity strikes, but market participants say the Tokyo Stock Exchange (TSE) performed in exemplary fashion in the aftermath of the Great East Japan Earthquake on March 11. Its Tdex+ derivatives and Arrowhead cash equities trading systems continued to operate soundly despite the huge spikes in volumes following the earthquake, with the volume of Topix futures contracts traded jumping to 2.5 million in March from 801,420 in February and

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