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Sun Oct 28, 2012, 06:16 PM

New York Stock Exchange Suspends Physical Floor Trading Due To Hurricane Sandy [View all]

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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Reply New York Stock Exchange Suspends Physical Floor Trading Due To Hurricane Sandy [View all]
Purveyor Oct 2012 OP
marmar Oct 2012 #1
Hotler Oct 2012 #2
KoKo Oct 2012 #5
hunter Oct 2012 #3
Billsmile Oct 2012 #4
FarCenter Oct 2012 #6
cal04 Oct 2012 #7
Purveyor Oct 2012 #8
aletier_v Oct 2012 #9