Fujitsu Ltd. President Takahito Tokita apologized Monday for the system glitch last week that caused an all-day trading suspension on the Tokyo Stock Exchange, with the developer vowing to fully investigate the cause of the malfunction.
"We deeply apologize for causing significant trouble to the Tokyo Stock Exchange, market participants and many others," Tokita said during an online briefing. "We will continue to make all-out efforts to look into the cause (of the glitch) and prevent a recurrence."
The bourse uses the Arrowhead trading system developed by Fujitsu. Thursday's outage, the worst for the exchange since it fully computerized trading in 1999, followed a defect in the system's hardware, with its automatic backup failing to work.