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Coronavirus: New York Stock Exchange trading floor to reopen - BBC News

Coronavirus: New York Stock Exchange trading floor to reopen - BBC News

Coronavirus: New York Stock Exchange trading floor to reopen - BBC News
May 26, 2020 56 secs

The New York Stock Exchange (NYSE) is set to reopen its trading floor on Tuesday after a two-month closure due to the coronavirus pandemic.

The NYSE is one of the few bourses to still feature floor trade - most have shifted to fully-electronic trading.

To return to their jobs, floor traders will also reportedly have to sign a liability waiver that prevents them from suing the NYSE if they get infected at the exchange.

According to the Wall Street Journal, traders will have to acknowledge that returning to the trading floor could result in them "contracting Covid-19, respiratory failure, death, and transmitting Covid-19 to family or household members and others who may also suffer these effects".

The exchange's trading floor was closed from 23 March and temporarily moved to fully-electronic trading as a precautionary measure to help protect workers

The 228-year-old exchange last closed its doors on 29 October 2012 due to Hurricane Sandy

For most people outside the financial services industry the NYSE's trading floor is a rare glimpse into the seemingly opaque workings of the global markets as well as being a colourful setting for companies to showcase their stock market debuts

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