Wednesday, December 17, 2008
More embarrassment for the TSX
The Mickey Mouse operation of the TSX defies belief sometimes. Yes, the impressive trading volume that passes through a modern exchange like the TSX goes without much heralding. Performance, no matter how active the market, is expected. Failure is not. When a market is unable to function properly, even for a short period, it is not acceptable. When it is halted for a whole day - well, that is absolute failure. Gone are the days when you can blankly blame the technology and the people behind it. This is a management problem. After today's failure, heads should fall.