TSX Exchange Resumes Normal Operations

Late last night, TMX Group (TSX: X) alerted the public via a news release that markets would return to normal operations as of Friday, February 28. The outage, which began affecting users at 1:51 PM on the TSX Alpha, had affected the entire market within a matter of ten minutes as order entry functions failed.

Within the release, TMX reassured that the outage was not the result of a cyber attack. Rather, it was a system capacity issue related to the messaging technology that the exchange employs. TMX stated it has untaken the necessary steps to “mitigate the risk of recurrence” which includes significantly increasing capacity of the component.

Attempts to restart the system yesterday during regular trading hours proved to be futile as a result of the capacity issue, resulting in the TSX Venture, TSX Alpha, and TSX. As a result the Montreal Exchange, which deals in derivatives, also closed down before 2:00 PM yesterday.

At the time of markets halting, the TSX composite was down 1.90%, while the TSX Venture composite was down 4.58%.

All systems are expected to return to normal for the start of trading this morning.


Information for this briefing was found via the TMX Group Twitter account. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

TSX Halted for Rest of Day due to Issue with Order Entry

This afternoon the TMX Group (TSX: X) announced they have halted the exchange for the...

Thursday, February 27, 2020, 02:21:52 PM

Market Moving: The Elements of the Venture Exchange’s Ongoing Resurgence

The TSX Venture Exchange is the largest regulated venture-stage equities exchange in the world. Those...

Wednesday, January 29, 2020, 09:44:24 AM

Toronto Stock Exchange Debuts Battery Metals Index

The Toronto Stock Exchange is set to celebrate today the launch of its new S&P/TSX...

Tuesday, June 7, 2022, 12:24:00 PM

Canadian, US Markets See Circuit Breaker Trading Halts

North American markets have seen turmoil this morning as circuit breaker triggers have been hit...

Monday, March 9, 2020, 10:12:29 AM

Poll Shows TSX Forecasted To Hit 20,000 Mark By Year End

The Toronto Stock Exchange is expected to climb above 20,000 points by the end of...

Wednesday, May 26, 2021, 03:23:00 PM