Thursday, 16 August, 2018

All TMX markets suspended for the day after technical issues

Toronto, Montreal stock exchanges shut down early due to tech glitch Toronto Stock Exchange Closes for the Day Due to Technical Outage
Ginger Lawrence | 28 April, 2018, 10:44

Blackberry Ltd's New York Stock Exchange-listed shares (BB.N), for example, were still trading hours after the company's TSX-listed shares last traded at 1:38 p.m. ET.

It will be hard to determine the impact on investors, as some dealers and individuals could have switched their buy and sell orders to other markets that interlist Canadian stocks.

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Aequitas NEO said its systems were unaffected by the outage.

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Investors can still trade stocks and ETFs that are listed on the TSX and TSXV on other Canadian venues, such as on Nasdaq Canada or on the Canadian Securities Exchange. "If you had to get out today it could have been an issue".

The Toronto-based company first flagged the issue on Twitter shortly after 2 p.m. EDT (1800 GMT), updating numerous times through the hour to say the issues were persisting and that an investigation was ongoing.

Before trading stopped, the S&P/TSX Composite Index was up 0.2 percent to 15,668.93, on track for a third straight gain and its highest close since March 21. "We have identified the issue and are working to rectify", they said. The TMX said it would provide a complete list of closing prices later on Friday.

TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities and fixed income. TMX exchanges account for the bulk of Canadian securities trading. After having $1.22 EPS previously, TMX Group Limited's analysts see 9.02 % EPS growth. T_X's profit could hit $73.82 million with 14.92 P/E in case $1.33 earnings per share is announced.