TSX halts trading in BCE shares
The Toronto Stock Exchange halted all trading in BCE shares Thursday afternoon after a glitch with the exchange's new Quantum trading system caused "data integrity concerns."
The TSX Group said trading would remain halted until further notice.
"A trading message protocol issue this morning caused a service interruption in trading for approximately 45 minutes," a brief statement from the exchange said.
"This issue has created some data integrity concerns and therefore the decision has been to halt trading in this issue."
BCE shares were the most actively traded shares on the TSX on Thursday, as investors rushed to sell following a court ruling that cast doubt on whether the $51.7-billion takeover of the telecom giant would proceed as originally structured.
At the time trading was halted at 2:14 p.m. ET, more than 26.3 million shares had changed hands — five times the normal daily volume. BCE shares were down $4.48 to $32.64.
Trading of BCE shares on the New York Stock Exchange proceeded normally. At the close, BCE's NYSE-traded shares were down $4.73 to $33.10 US. Volume was 19.5 million — 24 times normal volume.
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