NYSE to trade electronically today, shut floor

6:13 AM, Oct 29, 2012   |    comments
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NEW YORK (AP) - The New York Stock Exchange and other U.S. financial markets are shutting down today as Hurricane Sandy bears down on the nation's largest city. The shutdown might be extended through tomorrow.

The move was coordinated with other financial exchange operators, regulators and government officials.

The shutdown applies to all trading, including electronic orders.

Trading has rarely stopped for weather. The NYSE shut down on March 27, 1985 for Hurricane Gloria.

Hurricane Sandy is headed north from the Caribbean, on course to meet a snowstorm and a cold front. Experts say the rare hybrid storm could cause havoc over 800 miles stretching from the East Coast to the Great Lakes.

 

 

First Coast News