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SoftBank Launching Contactless-Payment Trial With Android Smartphones

SoftBank Mobile Corp. start a Near Field Communication payment pilot with smartphones powered by Android 2.2 operating system late this quarter, the Tokyo-based subsidiary of Japanese telecommunication operator SoftBank Corp. announced Jan.18. Seven other companies also will participate, including MasterCard Worldwide; Kyodo Printing Inc.; HTC Corp.; Orient Corp., Japan’s largest service provider of MasterCard PayPass […]

Tokyo’s Jaccs Launches An Eco-Themed Credit Card

Jaccs Co. Ltd. has launched a MasterCard-branded credit card designed to help improve the environment, the Tokyo-based card-issuing subsidiary of Mitsubishi UFJ Financial Group announced Dec. 10. All legal residents in Japan ages 18 or older may apply for the Jaccs Eco Card. When a customer spends 800,000 yen (US$9,533 or 7,209 euros) or more […]

What Happened At Tocom?

The Tokyo Commodity Exchange suspended trading last Tuesday for more than three hours due to connectivity issues. The shutdown came days after the exchange upgraded to a technology platform from Nasdaq OMX Group. According to the Tokyo Commodity Exchange (Tocom), its shared network gateway began experiencing connectivity problems at 10:30 a.m. About one hour later, […]

Tokyo Commodity Exchange Goes Down

The Tokyo Commodity Exchange (Tocom) suspended trading today for more than three hours due to connectivity issues. The shutdown came days after the exchange upgraded to a technology platform from Nasdaq OMX Group. According to Tocom, its shared network gateway began experiencing connectivity problems at 10:30 a.m. About one hour later, the venue halted all […]

Tokyo Exchange Struck By Another Systems Glitch

The Tokyo Stock Exchange (TSE) halted trading of Topix index futures, government bond futures and all options for nearly four hours Tuesday, when systems problems prevented the order book from being accessed by the exchange’s trading platform. According to TSE spokesperson Mitsuo Miwa, the issues were caused by a programming error that occurred when the […]

Large Institutions Push Growth in Japanese Automated Trading

This article originally appeared in Securities Industry News (paid subscription required). A much-anticipated rise in algorithmic and electronic trading is taking hold in Japan. It is confirmed in a recent report by Connecticut-based research firm Greenwich Associates and is being led by Japan’s largest securities firms. Growth in these activities is expected to continue at […]

Closely Watched Partnership: NYSE, Tokyo Exchange Already Tight

Before last week, reports of a brewing strategic alliance of NYSE Group and the Tokyo Stock Exchange (TSE) were repeatedly dismissed as premature. But John A. Thain and Taizo Nishimuro, the markets’ respective CEOs, made clear that cooperation between them and their organizations was well underway before they finally got together Jan. 31 for the […]

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