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Canadian markets frozen by technical glitch

Citynews 1130 Vancouver

Last Updated Feb 27, 2020 at 1:00 pm PDT

FILE - The Toronto Stock Exchange Broadcast Centre is shown in Toronto on June 28, 2013. (THE CANADIAN PRESS/Aaron Vincent Elkaim)
Summary

The exchanges include its TSX, TSXV and TSX Alpha and the derivatives-focused Montreal Exchange

TMX says clients on those platforms have been unable to place, modify or cancel orders

TMX says it continues to investigate the problem with order entry and apologizes for the inconvenience

TORONTO (NEWS 1130) – TMX Group has halted trading on the Toronto Stock Exchange and several of its other Canadian exchanges for the remainder of Thursday because of technical issues.

The halt was initiated shortly before 11 a.m. PT will remain in place until closing at 1 p.m.

The exchanges include its TSX, TSXV and TSX Alpha and the derivatives-focused Montreal Exchange.

TMX says clients on those platforms have been unable to place, modify or cancel orders.

The trading halts come on a volatile day on North American markets, in which the TSX fell as much as 585 points due to fears of the novel coronavirus’s effect on global economic growth.

In New York, The S&P 500, Dow Jones and Nasdaq indexes are on pace to end the day down more than 2.5 per cent each.

TMX says it continues to investigate the problem with order entry and apologizes for the inconvenience.

It has not yet said when the exchanges will reopen.