NYSE Closes Trading Floor After Two Positive Tests for COVID-19

Andrew Cummings
March 19, 2020

Cunningham told CNBC the move was taken after the exchange learned of a person who works at the exchange who had tested positive for coronavirus.

The closing will take effect Friday at the close of business, NYSE said in a statement, noting that it affects trading floors at the NYSE equities, NYSE American Options in NY, and NYSE Arca Options in San Francisco.

The stock market has closed at times over the years, such as during World War II and in the wake of 9/11, but this is the first time the physical trading floor of the Big Board has ever shut independently while electronic trading continues. "We feel strongly markets need to remain open, and that is a view shared by the administration, shared by our regulators, and by industry more broadly...closing the market one does not stop the market's anxiety". "On the NYSE's options markets, electronic trading will continue normally but open-outcry trading will be suspended with the closure of the options trading floors", ICE said.

Trading and regulatory oversight of all NYSE-listed securities will continue without interruption.

The New York Stock Exchange will close its trading floor on Monday, March 23 and fully move to electronic trading, the exchange's operator Intercontinental Exchange announced today.

The organization says it took this step as a precautionary step to protect the health of traders and employees on the floor.

NYSE officials also spent Monday battling new rumors that the stock market should cease trading completely to prevent the stock market from its record dip.

This would make NYSE the third major USA exchange to close a trading floor due to concerns over the coronavirus. Nadaq, too, is a fully electronic stock exchange.

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