New York Stock Exchange Will Partially Reopen After Memorial Day
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New York Stock Exchange Will Partially Reopen After Memorial Day
The New York Stock Exchange has been limited to electronic trading since March 23 after two people in the building tested positive for COVID-19.
Two months after shutting down due to the coronavirus, the New York Stock Exchange will allow some traders to come back to the floor on May 26, NYSE President Stacey Cunningham announced after the market closed Thursday.
A "subset" of floor brokers will be allowed on the trading floor the day after Memorial Day.
“Designated market makers” who oversee trading in securities of the exchange’s 2,200 listed companies will continue to work from home, and the NYSE building will remain “largely empty,” Cunningham said.
Anyone who enters the building must avoid traveling via public transportation, have their temperature screened before entering the building, wear a mask and stay within a defined space on the floor.
“It isn’t clear when America will resume business as usual. The virus will remain a stubborn reality but we can’t keep the country closed indefinitely. Given that, our reopening will bring a “new normal” for the NYSE, hopefully helping chart a path that other businesses in densely populated areas might follow,” Cunningham said.
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