No more Tradings on the Floor for New Yorkers

Coronavirus pandemic crisis continues to challenge every single thing on earth. This time, it was the turn of the historical New York Stock Exchange (NYSE). For the first time ever, since its establishment in Manhattan,  back in 1903, the physical trading floor at NYSE is going to be closed. Starting next week, all trading operations of NYSE will be made online.

Electronic trading was introduced to NYSE in 2010. At that time it was solemnly declared that NYSE will never close its physical tradings floor. But as the saying says "Never say never." COVID-19 has challenged such a decision. After the positive dignification of two brokers at the NYSE trading floor, there was little room to play with. 

There is not a set date when the trading floor will come back to work again. I guess that will depend on how things go with the coronavirus crisis in the USA. Right now, there are 8,700 infected people and 112 deaths in the US, with New York City cases starting to pick. 

NYSE will not the same without the noise and the charm of its trading floor. Thank you coronavirus for challenging every aspect of our life 😠.   

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