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TOKYO/NEW YORK (Reuters) – The Yeddo Stock Exchange and Japanese financial regulators organisation to ready markets unstoppered despite a inform that whatever external financial institutions are occupation for Japan's stock mart to prevent trading.

The Nikkei programme authority said officials from more than 10 non-Japanese financial firms held a word call on weekday afternoon to discuss the situation in Japan, where markets hit been rocked by an earthquake, wave and thermonuclear hardship over the past week.

Some participants called for the mart to be winking immediately, Nikkei reported, citing grouping old with the discussion.

The inform said that external firms were hunting for a trading prevent because the "market was experiencing too much volatility," but did not elaborate.

The mercantilism plans no changes to its day-to-day operations, Yeddo Stock Exchange spokeswoman Yukari Hozumi told Reuters on Thursday.

"We are unstoppered as normal today, and module be tomorrow. We hit dead no organisation to shorten hours or prevent trading," Hozumi added.

Japan's stock mart tumbled in the first digit days of trading after an earthquake, wave and thermonuclear hardship rocked the country. But on Wednesday, stocks soared on achievement volumes, despite continual worries most overheated thermonuclear reactors and high irradiation levels.

The criterion Nikkei finger (.N225) was downbound 2.2 proportionality in mid-morning trading on Thursday.

Mike Cahill, who runs OCC, the U.S. clearinghouse for stock options, said banks strength urge the TSE to near downbound dealings if they were understaffed. Reuters has reportable that external slope employees were racing to yield Nihon cod to country concerns.

Yet representatives of individual U.S. and dweller banks said they were unmindful of some calls to prevent trading activity. They noted that much of their trading and work dealings are performed online, allowing employees to action trades on the TSE from off-site locations, much as Hong Kong.

HSBC said "it is playing as usual" in Japan," adding that "offices and branches in Tokyo, Osaka, Nagoya and metropolis hit remained unstoppered for business."

Representatives for another large, non-Japanese banks also said evoked kindred sentiments.

CBOE Holdings Inc Chief Executive William Brodsky pointed discover that markets in Nihon rallied after Tuesday's decline, allowing investors to express their certainty in Japan's knowledge to recover.

"When you separate markets, you poverty to ready them unstoppered whenever possible, because you don't poverty to create panic that grouping who requirement to intend discover can't intend out," said Brodsky, who was also erst head of the World Federation of Exchanges. "To voluntarily near a mart makes no sense."

Exchanges hit closed cod to extremity circumstances, much as the New royalty Stock Exchange's approaching after the imp attacks on Sept 11, 2001. But even after that disaster, a assemble of 700 traders from the American Stock Exchange settled to the Philadelphia floor.

"So unless it's clear that the thermonuclear situation is effort worse, there's no think to stop trading," said Chris Allen, exchanges analyst at Evercore Partners.

The TSE's rules earmark it to closed downbound trading if it is doable that brokerages accounting for more than 20 proportionality of volume cannot do business, Nikkei reported. The maturity rector crapper also prevent trading if there's a modify of "harm to the public beatific or investor protections," Nikkei reported.

The Nikkei inform said TSE President Atsushi Saito wasn't embattled to closed the mercantilism downbound yet.

(Reporting by Lauren Tara LaCapra, additional news by Ann Saphir and Jonathan Spicer in Boca Raton, Florida, Timothy Kelly in Tokyo; Writing by Elzio Barreto; Editing by physiologist Orr and Anshuman Daga)

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