NYSE shutting trading floor but electronic exchange remains open

New York (AFP) – The New York Stock Exchange will halt activity on its iconic trading floor due to the coronavirus but remain open for electronic trading, the company’s owner said 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.While …

Read More

Like what you read? Didn't like what you read? Weigh in!