TSE technology operated as normal but some of the securities firms did experience problems.
Because of the fire, affected firms had no power or access to their trading screens. The TSE, while keeping in constant contact with these firms, was able to offer the use of additional trading terminals in the TSE’s Trading Services office. It was a little like history repeating itself as some of the Registered Traders were invited back to the TSE to trade. The TSE’s trading floor closed in 1997 and since then the traders have operated from their offices.
Ted England, a Registered Trader with Peters & Co. Limited took advantage of the TSE’s offer, “the TSE’s service was great, they were able to accommodate me in a very tight time frame and I was ready to go prior to the market opening.”
“For us, it’s all about offering a fair and accessible marketplace,” said Adam Conyers, Senior Vice-President of Equity Markets with the TSE. “Trading can take place anywhere—even from the offices of Canada’s largest exchange.”
Once power was restored and there was confidence it wouldn’t go out again, the traders, including Ted England, returned to their offices.
The Toronto Stock Exchange consistently ranks among the world’s top exchanges by market capitalization and trading volume. In 2000, the average daily value of TSE trading has exceeded $4 billion. The TSE provides investors with a well-regulated, fair and accessible marketplace.
