Tokyo bourse blames setting error for glitch, sets up outside panel

A system glitch that led to the worst-ever all-day outage on the Tokyo bourse late last week was due to a setting error, the bourse said Monday and which put together a panel of outside directors to probe the cause of the malfunction."The system was supposed to automatically switch in case of a hardware breakdown...but it did not work when there was a memory malfunction," Yasuhiko Tamura, director of trading systems in charge of IT development at the Tokyo Stock Exchange, said in a press conference.After the glitch, the world's third-largest bourse following the New York Stock Exchange and …READ FULL ARTICLE