Brokerage organization to revise policies on online trading.TOKYO, Oct. 24 Kyodo The Japan Securities Dealers Association (JSDA JSDA Japan Securities Dealers Association JSDA Japan Soap and Detergent Association JSDA Java Shared Data JSDA Japan Stamp Dealers Association ) is considering revising its policies on online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. , requiring, for example, that brokerages provide detailed product information to customers, association sources said Tuesday Tuesday: see week. . The move is prompted by increasing trouble related to online trading that the organization was unable to foresee fore·see tr.v. fore·saw , fore·seen , fore·see·ing, fore·sees To see or know beforehand: foresaw the rapid increase in unemployment. when it set up the industry policies on online trading in September last year, the sources said. The JSDA will conduct surveys on brokerage firms and aim for a comprehensive revision of the policies as soon as possible, the sources said. The revision will include requiring brokerages to give customers detailed information on products and services and recommending that brokerages release information on their operations over the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . The JSDA will also consider strengthening its policies on actual online trading itself, converting the policies to rules to give them more binding power, the sources said. The revised policies are intended to prevent trouble emerging from online trading and to urge appropriate responses to mishaps related to computer breakdowns. The deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. of trading commission fees has encouraged many brokerages, as well as companies as in other industries, to enter the online business. The number of companies providing online trading services totaled 64 as of the end of September, roughly double the number in the past year. The number of online trading accounts has also risen by about four times to roughly 1.32 million in a year. |
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