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TSE PROPOSES SCREENING SYSTEM THAT REJECTS IRREGULAR ORDERS.
TOKYO, Feb 1 Asia Pulse - The Tokyo Stock Exchange plans to adopt a new order-processing system under which a large transaction equivalent to 20-30 per cent of a firm's outstanding stock would be automatically rejected, according to the bourse's framework for preventing a recurrence of system glitches.
According to plans filed Tuesday with the Financial Services Agency, the TSE will implement as early as April market safeguards that automatically screen for irregular orders, rejecting those involving balances exceeding a company's outstanding shares. The exchange will discuss with brokerages the appropriate threshold for deeming an order as irregular, but the figure is expected to be 20-30 per cent.
The proposal calls for an on-site transaction supervisor at the exchange so that a decision to suspend an irregular order can be made in a timely manner. The TSE will instruct brokerages to put in place measures for preventing mistaken orders. These mechanisms will be inspected starting next ...
- Sutton Group Financial Services increases board to six, Trading symbol:...
- News wire article from: Canadian Corporate News December 15, 2000 700+ words
...directors is subject to the TSE approval. Also elected...Secretary Sutton Group Financial Services Ltd. has become Canada...Toronto Stock Exchange (TSE) under the symbol SUG...information: Sutton Group Financial Services Ltd.: Scott Shaw...
- Monthly Distribution Declared-Financial Services Income STREAMS.
- News wire article from: Canadian Corporate News March 19, 2002 700+ words
...Directors of Financial Services Income STREAMS...Yield Shares (TSE: STR) and FSI...included in the TSE Financial Services Index, the S...STREAMS III (TSE: STQ, STQ...KEYWORD: FIS - Financial Services - Diversified...
- STREAMS: Complex split shares aim high.(split-share mutual funds of...
- Magazine article from: Money Digest June 1, 2001 700+ words
...Financial Services Income STREAMS Financial Services Income STREAMS is a high...included in the North American financial services sector (stocks that are included in the TSE Financial Services Index, the S&P Financials...
- Monthly Distribution Declared-Financial Services Income Streams.
- News wire article from: Canadian Corporate News April 19, 2001 700+ words
...Directors of Financial Services Income STREAMS...Yield Shares (TSE: STR) and FSI...included in the TSE Financial Services Index, the S...Income STREAMS (TSE: CGQ, CGQ...KEYWORD: FIS - Financial Services - Diversified...
- Pivotal and Datawest Sign Leading Credit Union for Hosted Financial Services...
- News wire article from: Canadian Corporate News May 3, 2001 700+ words
...Corporation (Nasdaq NM: PVTL; TSE: PVT) and Datawest Solutions Inc. (TSE: DS) today announced...Datawest to deliver a hosted financial services solution to improve customer...industry solution for financial services, we can create a unified...
- Pivotal and Datawest Sign Leading Credit Union for Hosted Financial Services...
- Press release article from: Business Wire May 3, 2001 700+ words
...Corporation (Nasdaq:PVTL)(TSE:PVT.) and Datawest Solutions Inc. (TSE:DS.) today announced...Datawest to deliver a hosted financial services solution to improve customer...industry solution for financial services, we can create a unified...
- TD Bank Financial Group Launches US$100 Million Online Financial Services...
- Press release article from: PR Newswire January 26, 2000 700+ words
...iCapital to harness financial services capabilities...Group (NYSE/TSE: TD) today...among the top six financial services firms in the...Inc. (NYSE/TSE: TWE) is a...leader in online financial services, offering investors...
- Dell Financial Services Tops $5 Billion in Lease Originations.
- Press release article from: Business Wire January 11, 2001 700+ words
...Jan. 11, 2001 Dell Financial Services L.P. (DFS) announced...CIT Group (NYSE:CIT) (TSE:CIT.U.TO) (TSE:CGX.U.TO), DFS has...of the fastest-growing financial services organizations in the U...