New York Stock Exchange to partially reopen May 26, with ‘vital new safety measures,’ president says

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KEY POINTS
  • The New York Stock Exchange will reopen its facility to “a subset of floor brokers” the day after Memorial Day with “vital new safety measures,” president Stacey Cunningham said.
  • The majority of those “designated market makers,” who oversee trading of 2,200 NYSE-listed companies, will continue to work remotely.
  • Meanwhile, floor brokers will return in small numbers first and are required to wear protective masks on the floor.
  • The exchange shut down its historic trading floor and moved fully to electronic trading on March 23 due to the coronavirus pandemic.
NYSE president to reopen trading floor to subset of floor brokers on May 26, reports WSJ
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The New York Stock Exchange will reopen its trading floor to some brokers on May 26, following two months of closure due to the coronavirus pandemic, according to president Stacey Cunningham.

The NYSE will reopen its facility to “a subset of floor brokers” the day after Memorial Day with “vital new safety measures,” Cunningham said in a Wall Street Journal op-ed on Thursday after the closing bell.

The exchange shut down its historic trading floor and moved fully to electronic trading on March 23 after two people tested positive for coronavirus infection at screenings it had set up at its entrance. It was the first time the physical trading floor of the Big Board has ever shut independently while electronic trading continues.

Cunningham said the majority of those “designated market makers,” who oversee trading of 2,200 NYSE-listed companies, will continue to work remotely. Meanwhile, floor brokers will return in small numbers first and are required to wear protective masks on the floor.

“Our reopened floor will look different from the iconic images so many have grown accustomed to seeing televised throughout the trading day,” Cunningham said.

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