NYSE to reopen trading floor closed by coronavirus

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NYSE to reopen trading floor closed by coronavirus
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The iconic trading floor of the New York Stock Exchange partially reopened to masked traders after the NYSE went all-electronic two months ago

The Intercontinental Exchange Inc’s NYSE floor will be different, with protective masks, strict social distancing requirements, and just around a quarter of the people, NYSE Chief Commercial Officer John Tuttle said in an interview. Still, he says the reopening is meaningful.

The NYSE said most of its designated market makers, who oversee trading in the exchange’s 2,200 listed companies, will continue to work from home, as will most exchange employees. The NYSE floor is the last physical U.S. stock trading venue, as a slew of all-electronic competitors have emerged and eaten away at the Big Board’s once dominant market share.

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