NYSE to temporarily close trading floor, move to electronic trading because of coronavirus

[LiberalArkie]

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-to-temporarily-close-trading-floor-move-to-electronic-trading-because-of-coronavirus.html

[at140]

1. The Corona song....enjoy a sing along!

Ooh my little pretty one, pretty one.
When you gonna give me some time, Carona?
Ooh you make my motor run, my motor run.
Gun it comin' off the line Carona
Never gonna stop, give it up.
Such a dirty mind. Always get it up for the touch
of the younger kind. My my my i yi woo.
M M M My CaronaCome a little closer huh, ah will ya huh.
Close enough to look in my eyes, Carona.
Keeping it a mystery gets to me
Running down the length of my thighs, Carona
Never gonna stop, give it up. Such a dirty mind.
Always get it up for the touch
of the younger kind. My my my i yi woo.
M M M My Carona
M M M My CaronaWhen you gonna give it to me, give it to me.
It is just a matter of time Carona
Is it just destiny, destiny?
Or is it just a game in my mind, Carona?
Never gonna stop, give it up.
Such a dirty mind. Always get it up for the touch
of the younger kind. My my my i yi woo.
M M M My Carona
M M M My Carona
M M M My Carona
M M M My Carona

Ohhhhh My Carona
Ohhhhh My Carona
Ohhhhh My Carona

[Lucky Luciano]

2. Probably no need to reopen the floor.

Maybe for tourists who want to see it in museum form.

[lagomorph777]

3. Yeah, it's puzzled me for years why they still have it.

[AtheistCrusader]

4. Insider trading, fraud, and theft probably.

[lagomorph777]

6. Aha - less of an electronic paper trail when deals are made with a wink and a nod in person.

[AtheistCrusader]

7. That is my extremely cynical assumption, yes.

Obviously some of it has to be legit, signal to noise ratio.

[Maxheader]

5. So uh,

I can watch the sinking on like a yahoo Finance site?