Viewpoint Update: TSX technical glitch

BNN is now reporting that the TSX will not trade today due to the computer crash that happened earlier today.

The good thing is, with the Dow and US markets having only slightly moved at this point, Dow down about 36 points, there is little in the way of catch up to do. However, I do expect to see some extra trading tomorrow, or whenever the TSX next opens.

TSX in Toronto closed after computer crash.

BNN in Canada is one of the few online places that is reporting the Toronto Stock Exchange has halted trading after a computer crash. I'm looking out for more information on this, but a lot of other sources are not reporting this story. Fox Business Network seems to be the only one so far, with neither CNBC or Bloomberg seemingly acknowledging the story.

There's currently no information on when the TSX will resume trading, or indeed if it will resume today. The market closes for the day at 4pm EST, same as the NYSE, AMEX and NASDAQ. I will keep monitoring this story, but I'm surprised this is not regarded as much of a story in the global business media. The exchange trades around half a billion shares a day, so although it is not a large exchange, it does some serious trading. And all too often, it doesn't get much coverage as it's New York neighbours do.

This is the third time this year that the TSX has halted due to technical issues, and it is a situation I will continue to keep a close eye on.