Expert Chaslau Koniukh
  • Biography
  • Analytics
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Market terminology
  • Stock Market
  • World exchanges
stock exchange closure

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.

Share
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

Record index fall
World exchanges
How will a record drop in the Dow Jones index affect the market?
21.11.2020
Rise in gold prices
World exchanges
Rise in gold prices: reasons for increased interest in the metal
11.05.2020
Stock exchange indices
World exchanges
Why stock exchange indices are taking a hit before the US and Chinese negotiations
01.12.2020
Russian stock exchange markets
World exchanges
How the Russian stock markets emerged and developed
24.07.2020
London Stock Exchange
World exchanges
The London Stock Exchange has announced the acquisition of Refinitiv
25.05.2020
Nasdaq Inc
World exchanges
Nasdaq Inc has tightened its public offering rules for foreign companies
20.01.2021

Recent Posts

  • 1PNC Financial Services Group
    Financial Corporation PNC Financial Services Group
    24.02.2021
  • 2Evraz plc
    S&P Global Ratings analysts downgraded rating for Evraz plc
    23.02.2021
  • 3Anti-Martingale
    Anti-Martingale strategy and its implementation in the Forex market
    22.02.2021
  • 4oil exports to China
    Oil exports to China increasing: reasons for the growth in volumes
    21.02.2021
  • 5Advertising backpacks
    Advertising backpacks from BackAd startup: unique development
    20.02.2021

Popular Posts

  • American Stock Exchange: the history of the American Stock Exchange 0
  • Free margin and leverage: basic concepts on the Forex exchange 0
  • Alice Walton: how does the heiress of the Walmart family empire live 0
  • Where will the first Tesla plant in Europe be located? 0

Social

Editor's Picks

Chaslau Koniukh

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

Spokesperson
17.08.2020
Expert Chaslau Koniukh

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

Spokesperson
18.06.2020
expert Chaslau Koniukh

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

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

Spokesperson
16.05.2020

Latest Posts

PNC Financial Services Group
Financial Corporation PNC Financial Services Group
24.02.2021
Evraz plc
S&P Global Ratings analysts downgraded rating for Evraz plc
23.02.2021
Anti-Martingale
Anti-Martingale strategy and its implementation in the Forex market
22.02.2021

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh is an international financial expert, a professional investor, an experienced analyst and a practicing trader. He advises European entrepreneurs; holds lectures on investment topics; is the author of scientific articles on work at the stock market.

Recent Posts

  • 1Wendy Deng
    Wendy Deng: How a poor Chinese girl became one of the most powerful women in the world
    25.02.2021
  • 2PNC Financial Services Group
    Financial Corporation PNC Financial Services Group
    24.02.2021
  • 3Evraz plc
    S&P Global Ratings analysts downgraded rating for Evraz plc
    23.02.2021
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Youtube
  • Instagram
  • Biography

Expert Chaslau Koniukh: brief biography and path of formation

Let’s Socialize