Another Market Breaks - Tokyo Stock Exchange Halts Derivative Trades

Tyler Durden's picture

Earlier today the Spanish stock exchange was down for nearly 5 hours - the reason is unclear: perhaps as a form of precrime punishment to all those felons who would even consider selling stocks in the future. Now, the SkyNet self-awareness wave goes East just as Japan opens and takes down all Tokyo derivative trading:

  • Tokyo Stock Exchange Stops Derivative Trades, Cites System Error - BBG
  • Tokyo Stock Exchange Group stopped trading of Topix futures, JGB futures and options from around
    9:20 a.m. because of a systems error.
  • Co. spokesman Naoya Takahashi spoke in phone interview

In the aftermath a series of events such as the FaceBook IPO collapse, Knight, IBEX, this was only logical and expected. Tomorrow, any stock market that even thinks of a red candle will be halted indefinitely.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Tokyo, Tokyo. Come in Tokyo. over

max2205's picture

Those damn sell 100 shares @ market will do that

markmotive's picture

Complex systems...not only do they create crises of technology. They create crises of civilizations.

This has happened over and over again throughout history. Welcome to your Easter Island years.

cossack55's picture

"Hey, you, Hlystttersn. Go cut down that last tree"

"But Chief, then there will be no trees left"

"No sweat. Lloyd will provide"

Thomas's picture

Gotta bring in the Godzilla metaphor here.

Ahmeexnal's picture

Seems like Tokyo stock exchange computers aren't radiation hardened.

Expect mass evac of greater Tokyo anytime soon.

Oh, and TEPCO bigwigs left Tokyo right after Fuku blew:

chump666's picture

Good stuff.  Now I got this and the Rollover movie running on loop.

Seriously, excellent doco.

Sofa King's picture

Dude, Rollover was the Shit!

That's the movie Paulson showed congress to scare them!!!

chump666's picture

for real?

Anyways we are a sniff away from a massive liquidation trade, these markets now at these highs on almost no volume...won't take much to set it off, already the chaos events are piling up, now Chevron refinery has just been added to the list (an hr before the trading halt on Japanese markets). 


chump666's picture

also add Standard Chartered too the list of chaos/ syncontricity/causality market events

the icing?  Middle East

chump666's picture

or China the US just decided to sucker punch China through Standard Chartered ala Iran laundring cash.

Shares just got decimated on European open.

China aint gonna take that lightly.

bluemaster's picture

Chump666  Nuclear disaster did not stop this pump and you hope litle fire will do it :-)

market will go down when we all become bullish!

pd45's picture

Or it's the Chinese hackers.

fiatmasochist's picture

Thanks for great link........*****

AlaricBalth's picture

I'll take"Why the retail investor has lost faith in the markets" for $1600, Alex.

TheSilverJournal's picture

The central banks of the world, namely the Federal Reserve, as it has control of the world's reserve currency, print too much money, and by doing so, fool the world into squandering savings and investment, as well as blowing money on spending and consumption because interest are are too low making it easier to consume and and not as rewarding to produce. 

Unprepared's picture

So I guess at this rate, the circuit-breakers won't even get triggered.

TheSilverJournal's picture

Short squeeze on Friday as Knight breaks down. Spain's market problem on Monday. Japan's market problems Monday night. Market shoots up today only to reverse right before close. Tomorrow might be the beginning of the last deflationary scare. Then they print print print and markets rise rise rise through election. The only problem is that markets will keep on rising as inflation sweeps over the world. This may be the real deal here. Endgame.

Gringo Viejo's picture

You can run....but you can't hide.

vast-dom's picture

Nikkei UP! All good! Just shut all markets down for good and let them rise in perpetuity until the sheeple's money can't buy garbage scraps!

Jlmadyson's picture

Here we go!


They know what is coming.

mick68's picture

 Like to know what's behind these "glitches," but one thing I know for certain is there are big problems behind the scenes being covered up. Anyone else dying to see what's being covered up continually? 'Bout time something broke and broke good.

Jlmadyson's picture

There is no question about it.

What lies behind the curtain is nothing good. Nothing good at all.


Best guess is basically what Churchill said last week;


"Or does it mean the shadow banking system no longer trusts the

banks collateral in the repo market , and will not lend into it.

That would be the same as 2008/9.

Happy days are here again."


This basically is in line with the latest Fed Survey today out that US banks have tightened credit lines with Euro banks and one going on to say considerably tightened.

Of course had they never broke Libor......




EscapeKey's picture

It carrying on for a bit longer = the big banks still have some avenues of wealth yet to steal.

Jlmadyson's picture

Perhaps, though they are running out of time quickly.

Everyman's picture

I hear ya loud and clear.  It would literally "end the BS and PONZI" tomorrow, I would bet.  The house of cards would not simply fall, would not simply "burst into flames", but I believe it is so bad it would DETONATE!

There is simply NO EXCUSE in the world for "glitches" to appear in these markets, and that the HFT's could and would be allowed to muck up the machines for fuck's sake.

Look at it this way:  When all we had was slide rules and abaci, we did not have these kind of "glitches"!!!  Simply put nobody is "accounting" anymore, and with computers to do the work it shines a light on the simple fact, things are FUCKED UP so the CRIMINALS can SCREW YOU AND ME and call it "Investing" instead of "confidence game" (illegal) or simply stealing or theft (also illegal).

With high speed computers, we should be catching the glitches.  Simply put: this is the old conundrum of cops and "bringing a knife to a gun fight".  "We have pistols, they gt rifles, we get rifles, they get mM-16s, we get M-16s, they get armor piercing rounds".  Same for the SEC, the "fastest computing speed" should be that of the "cops" watching the whole GOD DAMN mess to make sure it is "fair".  For all you assholes that think we need "no regulations" in the market place, you do GOD DAMMIT, NEED, TO KEEP IT FUCKING FAIR!!!!



I WANT MY GOD DAMN MARKET BACK so I can INVEST in BUSINESSES, and so I don't have to deal with a criminal cabal to do fuckin' business!!!!!!!!!!!!!!!!!!!!!11

cossack55's picture

You want to invest in business. Fine. Start your own.

BTW, confidence games and stealing/theft are only illegal in areas that enforce a "rule of law".  Iran and China, maybe.

Everyman's picture

There is no business or invest that will make money in this system.

What part of that do you not understand?  Cost of money and the depreciating value in "money".


You are telling me to start a business in "this" shitstorm and economy of a market, and political environment?  Taxes, Med Insurance, overhead that is currently "unknown".  You need to understand that you are not as "all knowing" about somebody's life experience by one stupid post, and an overused witicism.


Get real, this will take a revolt, and you had better be ready to "stand".

dont say a word's picture

"You want to invest in business. Fine. Start your own."

But just remember: you didn't build it.

P.S. Longtime lurker first time poster. Much love to ZH.


hardcleareye's picture

Enjoyed the collection of photos, great farms, great people!

flacon's picture

Yep. The less dependent on "the system" the greater the chance of survival. Plus the Amish / Old Mennonite are a very 'closed/private' community which also increases their chances of survival. 

dbomb12's picture

Especially when you grow your own food and build your own houses "tis a gift to be simple"

slewie the pi-rat's picture

and the people on that land before them were probably keeping warm with space heaters?

WAMO556's picture

Sorry dude, but reality sometimes sucks. Tell you what: Wish in one hand and shit in the other and tell me which one fills up faster... Like I said, reality can suck ALOT!!,!

Dead Canary's picture

If wishes were horses, beggers would eat.

Everyman's picture

Great idiot, like I never heard that little piece of "wit" before".  You must have an IQ approaching 60.

There are laws, and they don't follow them.  SImple, and yes rality bites, I KNOW that moron!


Don't you want the markets back, or is this little status quo to your idiotic enjoyment?


Dr. Engali's picture

You're working under the assumption we ever had real markets in the first place. In an arena where winners and losers can be picked by the regulators and those in power there is not now, nor has there ever been a market. And as far as more regulation goes , they were always meant for people like you and me. They were never meant for the true criminals , those closest to the reigns of power. More regulation keeps out the competition and maintains the status quo. Were you paying attention to the Jamie Dimon hearings? The questioners were asking his opinion on the regulations. So the more regulation that you are begging for will just bring more of this nonsense not less. Out of the thousands pages of regulations there is only one we really need... bankruptcy.

Now go ahead use your extremely high IQ above 60 and your capital letters to berate me. I'm a big boy I can take it.

slewie the pi-rat's picture

maybe we had something "more real"?

well, there was a time when we had specialists at their posts:  people with capital taking personal and corporate respensibility for orderly markets

no, it wasn't perfect;  it was periodic insanity (like it is s'posed to be, btw...?)

and people recorded their mortgages and trust deeds where they were s'posed to and when they were s'posed to and didn't "do what everybody else was doing" like a buncha fuking jr. H.S. children smoking in the boys' room

the blogger you're answering didn't repeal glass-stgl, nor replace it in an umitigated (still) disaster w/ the multi-000-page dodd/frankster for the bankster, which it seems you don't care for either (?)  gonna vote 4 mittens? 

sure things were gamey and gamed but not by fuking robots, ok, doc?

and people went to the slammer;  even banksters!  and by the fuking busload too!

so maybe there is a problem that we have "evolved" to a place where humans no longer matter, except rhetorically or for theatric or propwash MSM purposes;  so when an 'everyman' wants something "back" which he can relate as an individual, not a corpo-fascist debt cog to pay the vig to vinny some can hear him, others apparently can't hear his voice

why not?  it is not "really" unclear

b/c they want that corpo-fascist control & vig right vinnie, er... doc...  ? 

Alpacanio's picture

Everyman, Dude, IT"S A RIGGED GAME! It's a big fucking club and your not in it!

BTW, I think someone is trying to bring down the derivatives market before the NWO says to do. Russia,China forces maybe????

dbomb12's picture

Sorry, not in this world

AurorusBorealus's picture

What lies behind the curtain is a black hole of debt sucking all liquidity into an event horizon of distrust.

Everyman's picture

I believe you were first with the bitchez!

Neethgie's picture

i dont even know why fb's ipo collapse is hailed as a bad thing, i mean ok the launch was a clusterfuck but it was always destined to go down so it didnt really matter about the first days trading.

Amish Hacker's picture

"System Error" is exactly right, just not in the way they meant.