Industry watchers say the problems were caused primarily by the lack of line capacity. Monex clients had trouble logging on to the trading site on its opening day. Further system troubles preventing orders from going through occurred during a busy morning on October 18. Most of the problems could have been avoided if the number of new users had been accurately forecast. According to Bloomberg, the number of online traders in Japan rose from 200,000 at the end of September 1999 to 380,000 by the end of November, thus almost doubling in a two-month period.
Figures are certain to climb as Japanese investors become increasingly wired.
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