OSE and Jasdaq exchanges to provide mutual business continuity support

The Japanese stock exchanges, Osaka Securities Exchange Co., Ltd. (OSE) and Jasdaq Securities Exchange, Inc. (JASDAQ), have agreed to provide business continuity support to each other. Should one exchange experience continuity problems, trading will continue on the other exchange.

The plan, termed the Emergency Trading System, will be activated from the business day following any interruption. It will not be used where a short-term recovery is expected.

The rules on trading will be subject to the rules and regulations of the exchange on which trading is carried out and real-time information of stock prices will be distributed by the name of the exchange on which trading is carried out.

Self-regulation activities (listing administration, trading surveillance and so on) and real-time surveillance will continue to be conducted by the exchange whose trading is suspended.

•Date: 3rd Jan 2007 • Region: Asia Pacific •Type: Article •Topic: Financial sector BC
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