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Markets

Brokerages grapple with 100,000 back orders after TSE glitch

Two sides at odds over cause of system failure as potential losses loom

The TSE and the brokerages differ on what halted trades on Oct. 9. (Photo by Toshiki Sasazu)

TOKYO -- The connection failure that disrupted trading at the Tokyo Stock Exchange last week has left brokerages with 100,000 retroactive trades they must execute, according to a Nikkei survey.

The TSE and the brokerages differ on what halted trades on Oct. 9. What is clear is that the brokerages face big potential losses on the retroactive trades they are duty-bound to make.

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