NYSE to Close Trading Floor Tomorrow

The New York Stock Exchange announced that it’s closing its trading floor tomorrow due to Hurricane Sandy. Electronic trading will still go on.

The WSJ:

The New York Stock Exchange said its trading floor would be closed starting Monday, the first such shutdown in 27 years, as New York City braced for Hurricane Sandy and a shutdown of the city’s transit system.

Trading in all securities listed on the Big Board will be moved to Arca, an electronic trading platform operated by New York Stock Exchange parent NYSE Euronext, according to a statement by the company. The market operator said activity will also be suspended on its NYSE MKT exchange, formerly known as the Amex.

The last time floor trading was suspended was in 1985 due to Hurricane Gloria.

Posted by on October 28th, 2012 at 4:51 pm


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