The Investment Industry Regulatory Organization of Canada announced that a series of trades in Canadian securities have been cancelled or repriced in response to Thursday’s market turmoil.

IIROC said that it repriced or cancelled trades that occurred between 2:40 pm and 3:10 pm in four securities. Five trades in the Claymore Canadian Financial Monthly Income ETF were cancelled; in Fortis Inc., 152 trades were repriced and two were cancelled (trades below $21.60 were repriced to $21.60); 16 trades in the iShares S&P TSX Capped REIT Index Fund were repriced (to $9.50), and five trades were cancelled; and 50 trades were repriced in the Inter Pipeline Fund (to $9.00).

“In light of recent market volatility, IIROC will continue to closely monitor all trading on Canadian equity market places,” it said.

In the U.S., NASDAQ cancelled a series of trades on Thursday as well.

The decisions were in response to a steep market plunge of nearly 1,000 points on the Dow Jones Industrial Average, and of more than 400 points on the Toronto Stock Exchange, which occurred Thursday afternoon, followed by a rapid rebound.

IE