Complete TSX Crash Today
No trading on the TSX – thanks to the technology – or lack of it:
Financial Post: Trading in stocks on both Toronto’s main and venture exchanges was cancelled on Wednesday due to a technical problem, in what traders are calling the worst disruption in memory.
The company was offering little explanation by mid-afternoon aside from confirming the crash was not related to its recently introduced Quantum trading engine.
In a brief statement, the parent company of both bourses said it was halting trading on the TSX and venture exchange “due to technical issues with data feeds,” which “provide information to investors to guide their trading decisions.”
Trading was stopped at 9:48 a.m. ET after both exchange’s data feeding system crashed, confirmed Luc Bertrand, chief executive of TMX Group, in a television interview.
The bright side was the Canadian dollar rose on the news… and your portfolio probably saved a few bucks.
May 19th, 2012 at 2:57 am
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