<p>Fujitsu Ltd, the developer of the Tokyo Stock Exchange's trading system, is still investigating causes of the bourse's worse-ever outage last week, the company's chief executive said on Monday.</p>.<p>A hardware glitch paralysed trading in the world's third-largest equity market for the entire session last Thursday, testing the exchange's credibility just as the country's new prime minister has prioritised digitalisation.</p>.<p><strong>Also read: <a href="https://www.deccanherald.com/business/business-news/tokyo-stock-exchange-suspends-days-trade-after-worst-ever-system-glitch-895550.html" target="_blank">Tokyo Stock Exchange suspends day's trade after worst-ever system glitch</a></strong></p>.<p>"We will make utmost efforts to find the causes and prevent recurrences of such troubles," Fujitsu CEO Takahito Tokita said at a previously scheduled briefing on the company's digital strategy.</p>.<p>The TSE has said the glitch was the result of a hardware problem at its "Arrowhead" trading system, and a subsequent failure to switch to a back-up. It caused the first full-day suspension since the exchange switched to all-electronic trading in 1999.</p>.<p>Arrowhead, developed by Fujitsu, debuted in 2010, bringing processing times for trades to 5 milliseconds — on a par with the New York and London stock exchanges at the time. The system got an overhaul last November, and currently processes orders in about 0.2 milliseconds.</p>.<p>Asked who was responsible for the system failure, Tokita said it was too early to say because the investigation was still ongoing. He declined to comment further on a client's business.</p>.<p>The TSE has said it has no plans at this point to ask Fujitsu for compensation. Tokita said Fujitsu had made no decision on the issue.</p>
<p>Fujitsu Ltd, the developer of the Tokyo Stock Exchange's trading system, is still investigating causes of the bourse's worse-ever outage last week, the company's chief executive said on Monday.</p>.<p>A hardware glitch paralysed trading in the world's third-largest equity market for the entire session last Thursday, testing the exchange's credibility just as the country's new prime minister has prioritised digitalisation.</p>.<p><strong>Also read: <a href="https://www.deccanherald.com/business/business-news/tokyo-stock-exchange-suspends-days-trade-after-worst-ever-system-glitch-895550.html" target="_blank">Tokyo Stock Exchange suspends day's trade after worst-ever system glitch</a></strong></p>.<p>"We will make utmost efforts to find the causes and prevent recurrences of such troubles," Fujitsu CEO Takahito Tokita said at a previously scheduled briefing on the company's digital strategy.</p>.<p>The TSE has said the glitch was the result of a hardware problem at its "Arrowhead" trading system, and a subsequent failure to switch to a back-up. It caused the first full-day suspension since the exchange switched to all-electronic trading in 1999.</p>.<p>Arrowhead, developed by Fujitsu, debuted in 2010, bringing processing times for trades to 5 milliseconds — on a par with the New York and London stock exchanges at the time. The system got an overhaul last November, and currently processes orders in about 0.2 milliseconds.</p>.<p>Asked who was responsible for the system failure, Tokita said it was too early to say because the investigation was still ongoing. He declined to comment further on a client's business.</p>.<p>The TSE has said it has no plans at this point to ask Fujitsu for compensation. Tokita said Fujitsu had made no decision on the issue.</p>