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The New York Stock Exchange is set to close its trading floors and transition to electronic trading for the mean time after an employee and a trader tested positive for COVID-19.
The two were last in the building on March 13, said NYSE owner Intercontinental Exchange Inc.
NYSE is set to close some of its facilities, including equities and American options trading floors in New York and the Arca options trading floor in San Francisco.
Despite the operational change, the company assured that trading and regulatory supervision of all securities listed in the NYSE will not be disrupted.
NYSE President Stacey Cunningham said that markets are capable of operating fully electronic and that the set up will continue until the trading floors are ready to be reopened.
Intercontinental Chief Operating Officer Michael Blaugrund told staff who were feeling “mildly ill” to stay at home.
The death toll of the coronavirus outbreak in the United States has risen to more than 100, causing panic among people and businesses and forcing the government to take drastic measures to stop the spread.
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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