United States News
See other United States News Articles
Title: New York Stock Exchange Suspends Physical Floor Trading Due To Hurricane Sandy
Source:
News1130
URL Source: http://www.news1130.com/business/ar ... trading-due-to-hurricane-sandy
Published: Oct 28, 2012
Author: News1130
Post Date: 2012-10-28 18:20:05 by Brian S
Keywords: None
Views: 1155
Comments: 4
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. “This is an extremely dangerous and unpredictable weather event,” said Duncan Niederauer, chief executive officer NYSE Euronext. “The re-opening of physical trading is subject to city and state determinations and local conditions.”
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: @JimCantore This is certainly the biggest thing I've covered in my career. (#0)
A personal plea from Gary of the National Weather Service It is not easy reconstructing 'molded minds'... Listening to the financial guru Bob Brinker and they are sandbagging in the NY financial district. If the subway tunnels flood, it could be weeks before they are back up on running again.
It is not easy reconstructing 'molded minds'... it could be weeks before they are back up on running again. A desperate attempt to prop up the collapsing economy, and distract from Obungler's many failures. Is he selling slip on live preservers for ObamaPhones on whitehouse.gov yet?
Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.
One more time. Obama decides to use his HAARP doomsday machine to destroy the Center of Empire. And that makes sense to you.....;} www.skeetobiteweather.com...L182012mlts.gif?646954451 The First Storm of the Anthropocene. When it passes the USSA will be a different place.
#2. To: All (#0)
#3. To: Brian S, *Extended Clip Progressives* (#1)
(Edited)
Hurricane Sandy: Divine Wind for Obama (HAARP Perfect Political Storm)
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#4. To: hondo68 (#3)
(Edited)
Top • Page Up • Full Thread • Page Down • Bottom/Latest
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]