Mizuho Securities, a unit of the Mizuho Financial Group, has won a long-running case against the Tokyo Stock Exchange (TSE), which will help it record a profit of RMB 12.8bn ($105m) for 3Q2015. The court ruled that the exchange had violated competition rules by allowing its members to buy and sell shares in other exchanges without disclosing their own holdings. The bourse has since upgraded its trading system so as to prevent it accepting orders for more than 30% of a company's outstanding shares.
Mizuho Securities, a unit of the Mizuho Financial Group, has won a long-running case against the Tokyo Stock Exchange (TSE), which will help it record a profit of RMB 12.8bn ($105m) for 3Q2015. The TSE had been fined by Mizuho for failing to promptly cancel a huge, erroneously placed sell order nearly 10 years ago. The bourse has since upgraded its trading system so as to prevent it accepting orders for more than 30% of a company's outstanding shares.