Sun Oct 28, 2012, 06:16 PM

Purveyor (13,450 posts)

New York Stock Exchange Suspends Physical Floor Trading Due To Hurricane Sandy

Source: News1130

TORONTO - Hurricane Sandy is set to overshadow the start of the trading week after the operator of the New York Stock Exchange said that it is suspending physical floor trading operations.

NYSE Euronext said late Sunday afternoon that while the exchange will remain open for trading Monday, it will invoke its contingency plan which involves trading all NYSE-listed securities on its Arca system, its fully electronic exchange.

The move by the NYSE came after it was announced that New York’s public transit system would shut at 7 p.m. EDT Sunday while 375,000 residents would be evacuated from low-lying areas of the city. Many major businesses in lower Manhattan are suspending or curtailing operations.

It’s not known when the NYSE trading floor will re-open.

Read more: http://www.news1130.com/business/article/416336--new-york-stock-exchange-suspends-physical-floor-trading-due-to-hurricane-sandy

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9 replies	Author	Time	Post
New York Stock Exchange Suspends Physical Floor Trading Due To Hurricane Sandy (Original post)	Purveyor	Oct 2012	OP
Electronic looting only tomorrow.	marmar	Oct 2012	#1
Yes! Perfect time for them to steal. nt.	Hotler	Oct 2012	#2
Agree...it's a GIFT to them. Disgusting. HFT's taking over during a Weather Disaster. n/t	KoKo	Oct 2012	#5
Sad, but I have to agree.	hunter	Oct 2012	#3
Wake Up Wealthy Dopes	Billsmile	Oct 2012	#4
Only a minor difference from normal operation	FarCenter	Oct 2012	#6
Now possibly Tuesday too	cal04	Oct 2012	#7
If NYC get hit with a 11.5ft storm surge, they will be lucky to open back up before next monday, imo	Purveyor	Oct 2012	#8
The Beginning of The End	aletier_v	Oct 2012	#9

Response to Purveyor (Original post)

Sun Oct 28, 2012, 06:31 PM

marmar (61,352 posts)

1. Electronic looting only tomorrow.

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Response to marmar (Reply #1)

Sun Oct 28, 2012, 06:40 PM

Hotler (3,702 posts)

2. Yes! Perfect time for them to steal. nt.

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Response to Hotler (Reply #2)

Sun Oct 28, 2012, 07:28 PM

KoKo (70,059 posts)

5. Agree...it's a GIFT to them. Disgusting. HFT's taking over during a Weather Disaster. n/t

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Response to marmar (Reply #1)

Sun Oct 28, 2012, 06:44 PM

hunter (16,451 posts)

3. Sad, but I have to agree.

We all know some nasty characters are going to make money off of this.

King Turd Romney included.

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Response to Purveyor (Original post)

Sun Oct 28, 2012, 07:13 PM

Billsmile (85 posts)

4. Wake Up Wealthy Dopes

The not so funny thing is that those who gain wealth via Wall Street will only be cash in for a few more generations as climate change will ensure their eventual extinction.

The current storm is a warning. Your dynastic wealth won't be valuable in a global dead zone.

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Response to Purveyor (Original post)

Sun Oct 28, 2012, 09:00 PM

FarCenter (13,535 posts)

6. Only a minor difference from normal operation

Most trading takes place in northen New Jersey, well above sea level.

As for Wall Street -- there's no there, there, anymore.

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Response to Purveyor (Original post)

Sun Oct 28, 2012, 11:13 PM

cal04 (37,032 posts)

7. Now possibly Tuesday too

NYSE Euronext Will Close Markets on Monday, Possibly Tuesday; Nasdaq Also Shut (story developing)

http://www.cnbc.com/

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Response to cal04 (Reply #7)

Sun Oct 28, 2012, 11:17 PM

Purveyor (13,450 posts)

8. If NYC get hit with a 11.5ft storm surge, they will be lucky to open back up before next monday, imo

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Response to cal04 (Reply #7)

Sun Oct 28, 2012, 11:18 PM

aletier_v (1,773 posts)

9. The Beginning of The End

of the physical location... if people come to believe that this storm is only a forewarning of global climate change.

Sell your NYC real estate now while you can!

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