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James48843

STOCK EXCHANGE CLOSES

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The NEW YORK STOCK EXCHANGE- premier and oldest of America's trading floors,
ends not with a bang, but with a silent whimper.

NYSE.

Founded March 7, 1817.

Human interaction eliminated March 18, 2020, the end of an era!



Quote Originally Posted by James48843 View Post
NYSE to temporarily close trading floor, move to electronic trading because of coronavirus

Source: CNBC

This is breaking news. Please check back for updates.

New York Stock Exchange said Wednesday that it will temporarily close its trading floor and move to electronic trading due to the coronavirus pandemic.

All-electronic trading will begin with Monday’s market open. The facilities to be closed comprise the NYSE equities trading floor in New York, NYSE American Options trading floor in New York, and NYSE Arca Options trading floor in San Francisco. The decision to temporarily close the trading floors represents a precautionary step to protect the health and well-being of employees and the floor community in response to COVID-19.
“NYSE’s trading floors provide unique value to issuers and investors, but our markets are fully capable of operating in an all-electronic fashion to serve all participants, and we will proceed in that manner until we can re-open our trading floors to our members,” said Stacey Cunningham, President of the New York Stock Exchange. “While we are taking the precautionary step of closing the trading floors, we continue to firmly believe the markets should remain open and accessible to investors. All NYSE markets will continue to operate under normal trading hours despite the closure of the trading floors.”

Read more: https://www.cnbc.com/2020/03/18/nyse...ronavirus.html


Well, There you have it. We are definitely in new territory. In the history of the exchange, this is the first time they have closed due to a pandemic virus.

From here on out, the trading will be done on computer screen from a distance, instead of in a pack of sweaty people yelling and holding on to small bits of paper.

Good luck- we move into the next age, completely because of the fear of a virus too small to see.

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Updated 03-18-2020 at 06:47 PM by James48843

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  1. BradleeG's Avatar
    Bring on the hackers who will drain everybodies accounts into Ukraine, Belarus, Romania and and any other former Warsaw Pact nation/Soviet Republic you care to name. Our exchanges in the West will shrug their shoulders and say "What ya gonna do?.All that talent in the Eastern Boc has been waiting for this moment...

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