(Updates with confirmation from Tokyo Stock Exchange in headline, lead and second paragraph)
The Tokyo Stock Exchange has confirmed plans to upgrade its trading system capacity following media reports that the exchange aims to roughly double its daily processing limits.
"We have already notified the participants regarding the upgrade and technical information, but have not published it [on] our website etc for public distribution and have no plan to distribute [any other] documents," a spokesperson for the TSE said in an emailed statement to.
Nikkei Asia had reported earlier on Thursday that the bourse plans to upgrade its Arrowhead system as early as November, aiming to roughly double daily processing capacity to about 1.5 billion trades from the current 830 million.
The reported expansion comes amid rising trading volumes fueled by growing overseas investor participation, the news daily said.
The exchange will reportedly invest "hundreds of millions of yen" to enhance memory and infrastructure at its Tokyo and Osaka data centers, building on previous upgrades from the 390 million-limit seen during the pandemic, according to the publication.