Toronto Stock Exchange Faced Brief Outage, Resumes Trading After Morning Halt
Vandana Singh 4 years ago
FintechNewsGeneral
The TMX Group, which operates Toronto Stock Exchange, said trading had stopped for the TSX, TSXV, and Alpha markets just after 10 a.m. in Toronto. TMX said it was experiencing a connection issue with the TSX order entry symbol range M to S. The market was in a pre-open state until 11:10 a.m. when trading resumed.
- The TMX Group, which operates Toronto Stock Exchange, said trading had stopped for the TSX, TSXV, and Alpha markets just after 10 a.m. in Toronto.
- TMX said it was experiencing a connection issue with the TSX order entry symbol range M to S. The market was in a pre-open state until 11:10 a.m. when trading resumed.
- The exchange does not know the cause of the breakdown, Bloomberg said, and is continuing to investigate, TMX Group Ltd spokesperson Catherine Kee said by phone.
- The exchange sent its first notice that it was having trouble shortly after 10 a.m.
- Kee confirmed the issue began with a problem that affected trading in stocks with tickers beginning with the letters M through S. That would have impacted shares in major companies, including Manulife Financial Corporation (NYSE:MFC) and Suncor Energy Inc (NYSE:SU).
- “I feel like I’m trading on a third-world exchange,” Ninepoint Partners Partner and Senior Portfolio Manager Eric Nuttall said during the trading halt. “I have multiple orders for $20 million to $40 million that I cannot execute. It is unacceptable.”