TSX, Montreal Exchange shut down Friday due to technical problems

TSX, Montreal Exchange shut down Friday due to technical problems

The exchange operator said that the current issues were being handled and that the market would resume normal functions on Monday.

Because of the timing of the failure Friday, TMX Group stated there wasn't time to ensure an orderly market re-open and closing that day.

TMX Group was forced to shut down the Toronto Stock Exchange and its derivatives market early after the owner of Canada's largest bourses experienced technical problems for most of the afternoon.

TMX Group said in a statement Saturday evening the hardware failure occurred in the central storage appliance of the trading system. We apologize for the inconvenience.

Trading was halted around 2 p.m. due to "issues with trading". "We expect to resume trading at regular hours on Monday, April 30, 2018". Fewer than 575 million Canadian shares traded Friday, the slowest session since July 24, according to data compiled by Bloomberg.

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Impacted markets include the Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange and the Montreal Exchange.

Ontario Securities Commission said it was in direct contact with the Toronto Exchange Market, and that "We continue to monitor and watch the situation closely".

The S&P/TSX Composite index, the main index for Canadian stocks, traded 0.2 percent higher at 15,668.93 as of 1:39 p.m. ET, which was the last update for the benchmark. Trading continued on other exchanges throughout Canada, including Nasdaq's exchanges.

The problem follows trading issues at the New York Stock Exchange earlier this week.

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