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NYSE Temporarily Closed Floor and Then Moved to Electronic Trading After Positive Wuhan Virus Tests

On Wednesday, March 18, 2020, announced that it will temporarily close its world famous trading floor and transition towards electronic trading after two people tested positive for the Wuhan virus at screenings it held this week.

According to the exchange, all-electronic trading will commence on March 23. The facilities that will be closing are the NYSE equities trading floor and NYSE American Options trading floor in New York. Additionally, the NYSE Arca Options trading floor in San Francisco will be closing.

These closures were spurred by positive Wuhan virus tests of two people, according to an account Stacey Cunningham, President of the NYSE, related to CNBC.

The stock market has a history of closures, during events such as World War II and in the aftermath of 9/11, but this is the first time the physical trading floor of the Big Board has shut down independently as electronic trading proceeds.

Read the full story from Big League Politics

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