New York Stock Exchange Suspends Physical Floor Trading Due To Hurricane Sandy

[Purveyor]

Source: News1130

TORONTO - Hurricane Sandy is set to overshadow the start of the trading week after the operator of the New York Stock Exchange said that it is suspending physical floor trading operations.

NYSE Euronext said late Sunday afternoon that while the exchange will remain open for trading Monday, it will invoke its contingency plan which involves trading all NYSE-listed securities on its Arca system, its fully electronic exchange.

The move by the NYSE came after it was announced that New York’s public transit system would shut at 7 p.m. EDT Sunday while 375,000 residents would be evacuated from low-lying areas of the city. Many major businesses in lower Manhattan are suspending or curtailing operations.

It’s not known when the NYSE trading floor will re-open.

Read more: http://www.news1130.com/business/article/416336--new-york-stock-exchange-suspends-physical-floor-trading-due-to-hurricane-sandy

[marmar]

1. Electronic looting only tomorrow.

[Hotler]

2. Yes! Perfect time for them to steal. nt.

[KoKo]

5. Agree...it's a GIFT to them. Disgusting. HFT's taking over during a Weather Disaster. n/t

[hunter]

3. Sad, but I have to agree.

We all know some nasty characters are going to make money off of this.

King Turd Romney included.

[Billsmile]

4. Wake Up Wealthy Dopes

The not so funny thing is that those who gain wealth via Wall Street will only be cash in for a few more generations as climate change will ensure their eventual extinction.

The current storm is a warning. Your dynastic wealth won't be valuable in a global dead zone.

[FarCenter]

6. Only a minor difference from normal operation

Most trading takes place in northen New Jersey, well above sea level.

As for Wall Street -- there's no there, there, anymore.

[cal04]

7. Now possibly Tuesday too

NYSE Euronext Will Close Markets on Monday, Possibly Tuesday; Nasdaq Also Shut (story developing)

http://www.cnbc.com/

[Purveyor]

8. If NYC get hit with a 11.5ft storm surge, they will be lucky to open back up before next monday, imo

[aletier_v]

9. The Beginning of The End

of the physical location... if people come to believe that this storm is only a forewarning of global climate change.

Sell your NYC real estate now while you can!