TSX shut down for entire day due to data glitch

OTTAWA, Dec. 17 (Chinese media) -- The Toronto Stock Exchange (TSX) was shut down for an entire business day on Wednesday because of a technical glitch, the first time in history for Canada's dominant trading platform to have such an occurrence.

The TMX, which owns the TSX and the TSX Venture Capital, said it intends to reopen at 9:30 a.m. ET Thursday (1430 GMT). They said that technical issues with data feeds were the reason for the shutdown of the TSX.

"Because the data feeds provide information to investors to guide their trading decisions, trading was halted to ensure market integrity," the TSX said in a statement.

Luc Bertrand, deputy CEO of TMX, told Canadian Television that the unprecedented shutdown was "extraordinary." "It's a very unique situation, one we are working very hard to rectify," he said.

The TSX makes up about 90 percent of Canadian stock trading. On average, 451 million shares were traded daily on the TSX through November.

The outage followed a promising Tuesday, which saw the TSX main index jump 262 points in reaction to the historic cut to the key interest rate by the U.S. Federal Reserve.