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

St. Petersburg Stock Exchange
World exchanges
St. Petersburg Stock Exchange goes to a new level by trading volumes
20.05.2021
Norwegian oil
World exchanges
How Norwegian oil helped the country become an ideal place to live
14.07.2020
Placement of OFZ by the Ministry of Finance
World exchanges
OFZ by the Ministry of Finance will be listed on the St. Petersburg Stock Exchange
09.02.2021
Italian exchange
World exchanges
The Italian exchange Borsa Italiana may soon change its owner
19.06.2021
shares withdrawal
World exchanges
More and more company owners prefer to withdraw their shares from stock exchanges
30.05.2021
Asian markets
World exchanges
Asian markets are showing growth: overview of trends in Asia and the Pacific
22.10.2020

Recent Posts

  • 1Brookfield
    Brookfield and Closed Loop create the largest recycling company in the U.S.
    30.01.2023
  • 2Bybit
    Cryptocurrency exchange Bybit provided information about the volume of stored assets
    29.01.2023
  • 3Apple Search
    Apple Corporation is working on its own search engine, Apple Search
    28.01.2023
  • 4Tom Ford brand
    Estee Lauder made a deal to buy the fashion brand Tom Ford
    27.01.2023
  • 5Golden Visa
    The Golden Visa program has brought Portugal more than 6 billion euros during its existence
    26.01.2023

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Deposit rates in Russia are losing their relevance as an option to generate income

Social media

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

Latest Posts

Brookfield
Brookfield and Closed Loop create the largest recycling company in the U.S.
30.01.2023
Bybit
Cryptocurrency exchange Bybit provided information about the volume of stored assets
29.01.2023
Apple Search
Apple Corporation is working on its own search engine, Apple Search
28.01.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Deposit rates in Russia are losing their relevance as an option to generate income
  • Dmitry Babin: the ruble is strengthening – review by Сhaslau Koniukh
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

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