By: Rafael Ruffolo
This week’s TSX crash has given credence to business continuity and disaster recovery plans across the country. Analysts weigh in on the cautionary tale of the TSX standstill

The one-day shutdown of the TSX and TSX Venture Exchange offers just as many important lessons for IT organizations as it does for Canadian traders, according to industry observers.

Shortly after opening Wednesday morning, tech workers at the Toronto-based stock exchange noticed some data was missing from the exchange’s computer systems. While the system could still process orders, traders did not have access to real-time data such as stock quotes, corporate actions, and other index information.

The stock exchange ultimately decided to shut down trading just 18 minutes after the opening bell and did not resolve the issue until Wednesday afternoon.

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