New York Stock Exchange to shut trading floor, keep electronic trade

NEW YORK: The New York Stock Exchange will halt activity on its trading floor due to the coronavirus (Covid-19) but remain open for electronic trading, the company’s owner said on  Wednesday.

The move, which takes effect on Monday, is a “precautionary step to protect the health and well-being of employees and the floor community in response to COVID-19,” NYSE owner Intercontinental Exchange said.

Exchange officials have argued strongly against halting trading entirely despite sharp drops in the market, and in their statement said the closure will not impair the market’s ability to function.

Must Read

Musk’s $1M prize for swing state voters allowed by court

According to court exhibits, recipients are set to receive their $1 million awards by November 30, following the terms outlined in non-disclosure agreements