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The New York Stock Exchange said Wednesday it will temporarily close its trading floor and move fully to electronic trading after traders tested positive for coronavirus infection.
All-electronic trading will begin on March 23 at the open, the exchange said. The facilities to be closed are the NYSE equities trading floor and NYSE American Options trading floor in New York, and NYSE Arca Options trading floor in San Francisco.
The closure was in part as a result of positive coronavirus tests of traders on the floor at the NYSE, Stacey Cunningham, President of the NYSE, said on CNBC’s Closing Bell. The exchange this week had begun medical testing of entrants to the Big Board.
“While we are taking the precautionary step of closing the trading floors, we continue to firmly believe the markets should remain open and accessible to investors,” Stacey Cunningham, President of the NYSE, said in a statement. “All NYSE markets will continue to operate under normal trading hours despite the closure of the trading floors.”
Wall Street has been on an unprecedented volatile ride during the coronavirus crisis. Just this week, a market-wide circuit breaker was triggered twice due to the massive sell-off, resulting in brief trading halts.
The NYSE is operated by the electronic trading group Intercontinental Exchange, which acquired it in 2012.