NYSE will temporarily close its historic trading floor and move fully to electronic trading.
After two people tested positive for coronavirus infection at screenings of the New York Stock Exchange (NYSE) it had set up this week, the New York Stock Exchange (NYSE) said it will temporarily close its historic trading floor and move fully to electronic trading.
According to CNBC, the stock market had already experienced closings 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, however, after volatile rides, market-wide circuit breakers, and massive sell-offs causing trading halts, the NYSE has decided that all-electronic trading will begin on March 23 at the open.
As of yesterday, according to data from Johns Hopkins University, global cases of the coronavirus have reached more than 212,000 and confirmed cases in the U.S. surged to 7,324 in total. The coronavirus has spread to all 50 states and D.C., with the death toll in the U.S. climbing to 115.