The trading floor of the New York Stock Exchange on May 22, 2020, local time.
The New York Stock Exchange (“NYSE”) will reopen its trading floor from May 26 local time.
Because 1 trader and 1 employee were diagnosed with new coronary pneumonia, the New York Stock Exchange announced the temporary closure of the trading hall on March 18, March 23 From the beginning to all electronic transactions.
However, after this restart, only a quarter of the trading floor will resume work. Returning traders must wear masks and avoid taking public transportation, and observe safety Social distancing. In addition, a glass barrier will be erected in the hall to achieve isolation. All personnel entering the trading floor must undergo a temperature check and avoid physical contact. Traders are prohibited from eating in the building, but can have lunch at designated locations.
At the same time, the New York Stock Exchange will not resume the initial stock celebration and various bell-ringing ceremonies for the time being. Report.
It is worth noting that return traders also need to sign a liability waiver, that is, if infected in the trading floor, they promise not to prosecute the NYSE. According to the Wall Street Journal, this exemption letter shows that traders on the floor must confirm that returning to the trading floor may cause them to “infect New Coronavirus, respiratory failure, death, and may transmit New Coronavirus to family members and other People suffering from these effects. ” This waiver triggered tensions between the parent company of the NYSE and some Wall Street companies represented by traders.
New York Stock Exchange President Stacey Cunningham said in a signed article published on May 14 that in promoting the restart process, the New York Stock Exchange and public health experts The state and the federal government negotiate and develop a set of strict security measures.
“The NYSE’s reopening plan will open a ‘new normal’, hoping to help other companies in densely populated areas to explore an effective and feasible way to restart,” Cunningham said.
“Re-launching our physical trading floor will open the process of returning the NYSE to provide investors and listed companies with the highest level of service.” Cunningham wrote “This is important because the stock market trades better when the trading floor is open, with less volatility and fairer prices. Recent data shows that by improving trading efficiency, our trading floor saves investors millions of dollars every day. “