Canadian markets run by TMX Group close hours early, expected to resume Monday

David Paddon, The Canadian Press</span>
Published Friday, April 27, 2018 2:53PM EDT
Last Updated Friday, April 27, 2018 4:54PM EDT

TORONTO -- Canada's largest stock exchange and other securities markets operated by TMX Group were shut down about two hours early Friday due to undisclosed technical problems.

"We have identified the issue and are working to rectify," the company said in a statement, without disclosing details.

"We apologize for the inconvenience. We expect to resume trading at regular hours on Monday, April 30, 2018."

It also said that closing stock prices would be issued Friday afternoon, to be used as the basis of trading when the markets reopen next week.

Besides the Toronto Stock Exchange, which primarily handles equities of some of Canada's biggest companies, the company also operates the TSX Venture Exchange, the TSX Alpha Exchange and the Montreal Exchange, which is Canada's largest market for trading derivatives.

The Canadian Securities Exchange, a much smaller operation under different ownership, was unaffected.

News of the unusual shutdown began to be distributed by TMX Group at about 2 p.m., a few minutes after the company became aware of the problem.

TMX announced at about 3 p.m. that it wouldn't re-open its markets for the remainder of the session, which normally ends at 4 p.m.

A spokeswoman for Toronto-based TMX Group said the company was investigating the cause of the disruption but would be confining its comments to its social media feed.

UPDATE - All TMX markets, including Montreal Exchange, are experiencing issues with trading, all users are equally impacted and are unable to connect to our Exchanges. We apologize for the inconvenience and continue to investigate. Further updates will be provided.
— TMX Group (@TMXGroup) April 27, 2018

UPDATE 2 - Please be aware that TMX continues to experience issues on all markets. We apologize for the inconvenience. Further updates will be provided.
— TMX Group (@TMXGroup) April 27, 2018

UPDATE 3 - Please be aware that all TMX markets continue to experience issues. We apologize for the inconvenience. Further updates will be provided.
— TMX Group (@TMXGroup) April 27, 2018

UPDATE 4 - TMX has decided to shut down all markets for the remainder of the day. Trading will not resume today, including market on close. We apologize for the inconvenience. Further updates will be provided.
— TMX Group (@TMXGroup) April 27, 2018

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