Business

Tokyo Stock Exchange CEO to resign over Oct system failure



© Reuters. TSE CEO and President Miyahara holds a news conference in Tokyo

TOKYO (Reuters) – Tokyo Stock Exchange President and Chief Executive Officer Koichiro Miyahara has decided to resign over a system failure that caused an unprecedented all-day suspension on the bourse last month, the business daily reported on Monday.

Akira Kiyota, CEO of Japan Exchange Group (JPX), which operates the Tokyo Stock Exchange, will stay on and also serve as president of the Tokyo bourse, the Nikkei said.

JPX declined to comment. Kiyota is due to hold a news conference at 3:30 p.m. (0630 GMT) following a briefing by the Financial Services Agency, which is widely expected to issue a business improvement order after the system failure.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

READ  S&P posts 4-week winning streak





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.