Toronto Stock Exchange Faced Brief Outage, Resumes Trading After Morning Halt

Toronto Stock Exchange Faced Brief Outage, Resumes Trading After Morning Halt
  • 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 MFC and Suncor Energy Inc 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.”

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