NYSE To Trade Electronically Monday, Shut Floor

NEW YORK (AP) -- The New York Stock Exchange will close its trading floor Monday at Hurricane Sandy barrels its way up the Northeast, but trading will continue electronically.

The NYSE says it will invoke its contingency plans beginning Monday. The New York Mercantile Exchange also will be shutting its trading floor which is located in a mandatory evacuation zone.

Trading has rarely stopped for weather. The NYSE shut down on March 27, 1985 for Hurricane Gloria.

Hurricane Sandy was headed north from the Caribbean, on course to meet a snowstorm and a cold front. Experts said the rare hybrid storm could cause havoc over 800 miles stretching from the East Coast to the Great Lakes.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WITN

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 176180801 - witn.com/a?a=176180801