From the WSJ: U.S. stock exchange operators are preparing to test a new contingency plan Tuesday morning to ensure domestic equity trading restarts this week. Under the backup plan outlined late Monday, all trading in NYSE-listed securities would execute on the Arca exchange, according to the notice from NYSE Euronext. .
NYSE Euronext officials also dismissed reports that its
headquarters in lower Manhattan had been affected by flooding, though they said
they have a backup plan should the building and its storied trading floor
suffer "irreparable damage."
"We stress that, as of now, there has been no damage to
the NYSE Euronext NYC headquarters that would impair trading floor operations,"
exchange officials said in a notice to traders.
The contingency plan was described as
"precautionary" given the unpredictability of the storm that has
already caused flooding in parts of the city…..
No comments:
Post a Comment