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 a decade 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.
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.