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‘It Is Unacceptable’: Investors React to Toronto Exchange Outage

  • TMX Group CEO says outage was due to a software issue
  • Bourse halted trading on three exchanges for about 40 minutes
Updated on

A 40-minute outage across three stock exchanges stalled equity trading in Canada, leaving some investors frustrated and others refusing to place orders even after it reopened.

Trading was halted on the Toronto Stock Exchange, TSX Venture and Alpha markets around 10:30 a.m. New York time and resumed at 11:10 a.m. All three exchanges are owned by TMX Group Ltd., which stopped trading due to a connection problem that affected order entries. The exchange sent its first notice that it was having trouble shortly after 10 a.m.