Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
stock exchange closure
World exchanges

Closing of the New York Stock Exchange: What will happen to trading operations?

11.11.2020
2 min read

Will the closure of the stock exchange reflect on the market

The coronavirus pandemic continues to spread around the world, affecting more and more countries and affecting many segments. The situation has not bypassed the U.S. and its stock market, which is considered to be in many ways decisive. Despite the fact that talks have been going on for some time, the closing of the stock exchange in New York took place just the other day. The management of the trading floor has officially announced that all transactions will now be carried out exclusively online.
Such a decision had to be taken after two brokers confirmed the disease. In this case, the management of the New York Stock Exchange has calmed all participants, announcing that the established system of online trading provides full work. All transactions are carried out in the same period as at the opening of the exchange – from 9:30 to 16:00 Eastern Time. The building on Wall Street is closed, and with it the trading floor of the Tradin Arch, which is located in San Francisco.
It should be noted that the traditional physical trading on the exchange has long ago moved to the electronic version, but the New York Stock Exchange has preserved operations with the physical presence of traders. The platform itself is located in the historic building of the business center of the metropolis. This exchange is one of the few in the U.S. where trading is possible with the direct presence of its participants, even the Nasdaq exchange, which is not inferior in importance and volume, has abandoned its traditional activities for the sake of the electronic variant. The Chicago Stock Exchange also announced the closure of the building last week.

stock exchange closure

It should be noted that in its history, the New York Marketplace has been closed several times. For the first time it happened in 1914, when the exchange was suspended for almost 3.5 months. The reason for this was the First World War. During this period, the marketplace was opened once to conduct trading with bonds, the money from which was used to cover the military expenses of the U.S. and its allies.
The second time the NYSE closed in 1963, when President John Kennedy was killed and the country was in shock and mourning.
In 2001, the exchange stopped operations for 4 days in connection with the terrorist attack on New York. Then the Muslim group “Al-Qaeda” seized passenger planes and sent them to the World Trade Center towers and the Pentagon office. About 3,000 people were killed as a result. This terrorist attack turned the world upside down and became the beginning of the global fight against terrorism.
Climatic conditions have also affected the activities of the New York Stock Exchange. In 2012, Hurricane Sandy raged over the region, resulting in the closure of the site for 2 days and many other institutions.

Tags: World exchanges
0
Previous Post VanEck investment company: shares of gold mining companies are becoming more expensive Next Post Large holding company Morgan Stanley bought E*TRADE Financial Corp for $13 billion

You Might Also Like

Dunamu
World exchanges
Cryptocurrency exchange operator Dunamu attracted $85 million in investments
15.05.2022
growth in the S&P 500 index
World exchanges
Emergence of Zweig Breadth Thrust indicator promises growth in the S&P 500 index
25.02.2024
The St. Petersburg International Mercantile Exchange
World exchanges
The St. Petersburg International Commodity Exchange has shown significant growth for 2020
27.10.2021
The volume of trading on the Hong Kong exchange
World exchanges
The volume of trading on the Hong Kong exchange exceeded the indicators on the London site
26.11.2021
SBI Holdings
World exchanges
Japanese SBI Holdings plans to launch its own exchange for tokenized securities
01.11.2020
Tadawaul
World exchanges
Middle East’s largest stock exchange Tadawul prepares for IPO
16.12.2021

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics