NYSE transitions to e-trading from Monday to limit spread of Wuhan coronavirus

A day after an employee and a trader tested positive for the Wuhan coronavirus, the New York Stock Exchange (NYSE) said, it will temporarily close its trading floors and move fully to electronic trading from Monday, said Intercontinental Exchange Inc, NYSE’s owner.

They were last in the exchange building on March 13, said NYSE.

Facilities which will be closed include the equities and American options trading floors in New York as well as the Arca options trading floor in San Francisco.

Regulatory oversight and trading of all NYSE-listed securities will continue without interruption, said Intercontinental Exchange.

“Our markets are fully capable of operating in an all-electronic fashion…and we will proceed in that manner until we can re-open our trading floors to our members,” said NYSE President Stacey Cunningham in a statement.

In a letter to employees, Intercontinental’s Chief Operating Officer Michael Blaugrund asked staff to stay at home “even [if they were] mildly ill” to stay at home.

The Wuhan coronavirus pandemic has killed more than 100 people in the United States, and has prompted several businesses and local governments to take actions to limit its spread.

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