After a computer glitch that brought trading to a grinding halt for one full day in October exposed the Tokyo bourse's unpreparedness for contingencies, some experts say more investment in human resources will be key to strengthening its risk management capabilities.
Although a temporary suspension is not uncommon globally, shutting down for an entire session on Oct.1 was an embarrassment for the Tokyo Stock Exchange, which has been banking on information technology to give it a competitive edge.
"Tokyo is one of the three largest financial hubs in the world, but it lacks human resources and systems to match that position," said Koetsu Aizawa, a professor of international finance at Saitama Gakuen University.