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Tokyo Stock Exchange
Known as the second biggest share market in the world in terms of financial volume, the Tokyo Stock Exchange (TSE) only trails after the bourse of New York. With an overall capitalization of 4 trillion US dollars, it lists about 2, 271 local companies and 31 international corporations. TSE in fused as a Kabushiki Kaisha, a form of business venture guided under the laws of Japan. This mutual organization has four auditors, eight executive officers and nine directors.
Reserves listed in Tokyo Stock Exchange (TSE) is divided into three categories namely First Section for huge companies, Second Section for average corporations and Mothers Section for businesses that are beginning to develop. Reports as of March in 2006 revealed that First Section has 1, 721 companies, Second Section as 489 corporations and Mothers Section has 156 businesses. The primary directory tracking of TSE is supported by Nikkei 225, the most observant index in Asia.
The Tokyo Stock Exchange (TSE) was founded on May 15, 1878 with an original name of Tokyo Kabushiki Torihijiko. This share market of Japan was managed by Okuma Shigenobu, finance minister of the country, together with an industrialist advocate Shibusawa Elichi. By June 1, 1878, TSE started the trading operations. In the year 1943, the bourse was already merged with other ten mutual organizations in leading districts around the country.
After the second World War, the Tokyo Stock Exchange (TSE) once again opened on May 16, 1949. From 1983 to 1990, the run-up of this share market was exceptional in terms of value. By April 30, 1999, the bargain floor was closed and all dealings were already electronic. A new equipment was utilized on May 9, 2000 called the TSE Arrows. In the entry of the new millennium, 2001 to be exact, this bourse of Japan altered the organization.
On November 1, 2005, the Tokyo Stock Exchange (TSE) was only able to function for 1 hour and 30 minutes. The delay was due to the bugs brought about by the newly- mounted transaction system care off Fujitsu. The development in the TSE was intended to manage higher operational capacities. The huge disturbance was the worst ever in the history of this share market. All arrangements were compelled to stop for about five hours.
Another concern came up on December 8, 2005 when an employee of Mizubo Securities wrongly encoded an order to sell 610, 000 share markets only at 1 yen when fact is, 1 share market is equivalent to 610, 000 yens. The mistake was overlooked and the Tokyo Stock Exchange (TSE) readily prevented attempts for cancellation. That single blunder resulted to a net loss of 347 million US dollars.