NYSE Considers Closing Trading Floor, Working Online

The Hill reports:

New York Stock Exchange (NYSE) officials are preparing for the possibility of closing the trading floor and conducting all business electronically in response to the growing coronavirus outbreak.

In a statement to The Wall Street Journal, NYSE officials cautioned that they were taking steps to avoid having to make such a decision, but were prepared to do so if needed. “The NYSE is a unique meeting place for buying and selling securities,” the official said.

“While we constantly test our resilient systems that allow us to operate that meeting place in a fully electronic fashion — which we did, successfully, as recently as last weekend — we are also taking the necessary measures to help ensure that our iconic trading floor remains open for business during this volatile period.”

The WSJ report is behind their paywall.