TRADERS FRUSTRATED BY OUTAGES AT SOME ONLINE BROKERAGES

Jan 04, 2018

By Michael Kramer

Share on

Traders using at least two major online discount brokerage platforms are complaining of sporadic outages – and expressing frustration that the latest glitch has tied their hands amidst a broad plunge in marijuana stocks.

Clients of TD Bank’s WebBroker and Royal Bank’s RBC Direct Investing platforms – have taken to social media to complain about problems – after similar issues recently.

A TD spokesman says “unprecedented” trading volume continues to drive some intermittent delays for its online and mobile WebBroker clients – and the bank’s technical teams are continuing to work to resolve the issue.

Several marijuana companies took a major hit Thursday  with shares of Canada’s biggest licensed producer Canopy Growth (TSX;WEED) down as much as 19 per cent – after the Associated Press reported U.S. attorney general Jeff Sessions planned to rescind an Obama-era policy allowing legalized pot to flourish in states south of the border.

At least four cannabis-related firms listed on the Canadian Securities Exchange were temporarily halted Thursday – according to the Investment Industry Regulatory Organization of Canada – due to the single-stock circuit breaker rule which limits sudden price swings of stocks.

Advertise With Us

To learn about advertising opportunities with Zoomer Radio use the link below:

Join Our Fan Club
Coverage Area
Downtown Toronto
96.7FM
Toronto HD
96.3 HD-2
Kingston to Windsor, Parry Sound to Pittsburgh
AM740
ZoomerRadio Logo

Recently Played: