Another Market Breaks – Tokyo Stock Exchange Halts Derivative Trades

via: ZeroHedge
by: Tyler Durden
August 7, 2012

Tyler Durden's picture

Earlier today the Spanish stock exchange was down for nearly 5 hours – the reason is unclear: perhaps as a form of precrime punishment to all those felons who would even consider selling stocks in the future. Now, the SkyNet self-awareness wave goes East just as Japan opens and takes down all Tokyo derivative trading:

  • Tokyo Stock Exchange Stops Derivative Trades, Cites System Error – BBG
  • Tokyo Stock Exchange Group stopped trading of Topix futures, JGB futures and options from around
    9:20 a.m. because of a systems error.
  • Co. spokesman Naoya Takahashi spoke in phone interview

In the aftermath a series of events such as the FaceBook IPO collapse, Knight, IBEX, this was only logical and expected. Tomorrow, any stock market that even thinks of a red candle will be halted indefinitely.

Read More At: ZeroHedge.com

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