The “CIO Special Project Team” set up by the Tokyo Stock Exchange (TSE) to look into measures to prevent systems malfunctions has reported back with its proposals, according to domestic and international press sources. The team was established in August in response to a malfunction that interrupted the TSE’s derivatives trading system on 22 July.
The team has drawn up a number of proposals which are aimed at preventing a further occurrence of such a malfunction or, if such a malfunction does occur, ensuring that operations can be restored quickly and that there is a minimal overall effect on operations. The proposals include:
– Enhancement of the framework for the implementation of changes in the system.- A reevaluation of plans regarding the handling of system malfunctions.- A reevaluation of the systems development environment and the procedures involved in system development.- Examination by the TSE of the contents of programs made by developers for any changes in the system.
The TSE has indicated that it intends also to apply the recommendations to its other systems, to the extent that is practically possible.
D.C.