the tsx is the dominant player but not the only player here.: it is the dominant player and fund managers were clear, if they wanted to, they could trade on other exchanges. but you are looking for volume especially if you are a large fund manager. all roads lead back to the toronto stock exchange and for the smaller mid-cap and small-cap companies. the venture exchange and alpha markets. there are smaller platforms that do exist within canada, but as you said, as a result of consolidation, this is the big game in town. kriti: geoff morgan reporting on that toronto stock exchange halt. thank you for your time and insight. jon, stateside, we are seeing a potential rally on our hand if the market turns around. the s&p 500 paring some of the losses from earlier, down still .4% but not at session lows. the russell 2000 is soaring, up .7%. meanwhile, bonds, the dollar, retracing the moves that we saw earlier. intraday volatility is the story. more markets ahead. for jon erlichman, i'm kriti gupta. . this is bloomberg. ♪ john: keeping you up to date