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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNYSE needs a second center that can operate the market when something like this happens
It should not close for something like this.
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NYSE needs a second center that can operate the market when something like this happens (Original Post)
RB TexLa
Oct 2012
OP
BeyondGeography
(39,374 posts)1. It's bass ackwards
But try telling those smart asses anything...
kysrsoze
(6,021 posts)2. They do. They went completely electronic today. The floor isn't a necessity. I'm sure they have
complete redundancy in multiple spots.
RB TexLa
(17,003 posts)4. I know it really isn't but I bet they won't open tomorrow
Curmudgeoness
(18,219 posts)3. Well, they didn't really "close"....
There was still electronic trading, and isn't that really all there is these days?
But you are right, they should not close down over a storm, even a big storm.
valerief
(53,235 posts)5. Like in Beijing. nt
aletier_v
(1,773 posts)6. NYSE has been preparing for this since 911.
I'm surprised it's not well known.
I imagine you'll eventually see the NYSE substantially reduced or closed, especially if this is an effect of global warming.
kestrel91316
(51,666 posts)7. They don't need the physical "floor" anymore. It's all electronic.
Tsiyu
(18,186 posts)8. They have servers in NJ
the Manhattan NYSE is merely for show