NYSE reopens trading floor to designated market makers

Nearly three after it closed down following the coronavirus pandemic, the New York Stock Exchange is set to allow a limited number of market makers to its trading floor on Wednesday.

The number of designated market makers, who oversee trading in the exchange’s 2,200 listed companies, will gradually increase and they will be allowed to enter the trading floor.

On Monday, the stock exchange clarified, verbal bids and offers will not be allowed, as a measure of additional safety precautions.

In March, Intercontinental-owned NYSE had closed its floor and shifted to electronic trading for the first time in its 228-year history, following of its employees and a trader testing positive for the coronavirus which emerged from Wuhan, China.

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