Published On: Tue, Oct 19th, 2010

Japannext Spells Out Short Sale Timeline

We would like to inform you of our new aggressive SS rollout schedule. We apologize if our rollout schedule notification is a little too short in terms of timing and unconventional. We have been frantically working to rollout SS feature quickly to our production environment; we apologize beforehand of our aggressive rollout schedule and move ahead our original target rollout date by one month. We ask for your support and understanding as we move forward to meet the dead line as safely we can possibly push.

Schedule we are giving out in this notification is a tentative schedule (pending FSA approval). Technically, we are confident to meet the target deadline we specify in this notification but FSA approval process may take slightly longer time. We will keep you in the loop of our progresses technically as well as regulatory wise proactively.

SS Rollout Schedule:
25th October 2010: SS available in JNX UAT environment (Test Environment)
SS will be available in JNX UAT environment starting 25th of October 2010. We would be grateful if you can start to test with us in our test environment starting next Monday.

5th of November 2010: SS rolled out to production environment for the weekend testing
Once testing is completed with our clients in our UAT environment and we find no issues with our SS feature, we will roll it out to production environment on the 5th of November 2010 after the market close.

6th of November 2010: Saturday SS production testing with members
We would like to conduct testing with many of our members on the 6th of November. We ask for participation from our members.
Caveat : 6th November 2010 roll out date is our tentative target date
Please note 6th November 2010 roll out date is our tentative target date because we will need to get an approval from FSA. Our compliance department feels confident that we can receive the approval by 5th November 2010. If we do not have the approval by 4th November, we will let everyone know via e-mail and postpone production weekend testing on the 6th November. We will keep everyone in the loop almost on daily basis.

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