Tokyo Stock Exchange plans disaster recovery site in three years


-- The Tokyo Stock Exchange (TSE) has begun a project to set up a back-up facility by 2006 to enable the exchange to continue trading in the event of a disaster affecting its main site, or a failure in its trading or clearing systems.

The exchange has not previously had a back-up site, and has not even been able to fall back on floor trading, unlike the Hong Kong Exchanges and Clearing group, which still provides an electronic "floor" for firms to access the market if their own sites are

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