NYSE to Trade Electronically Monday, Shut Floor

The NYSE says it will invoke its contingency plans beginning Monday

Monday, Oct 29, 2012  |  Updated 9:17 PM EDT
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NYSE to Trade Electronically Monday, Shut Floor

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Traders work on the floor of the New York Stock Exchange.

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The New York Stock Exchange will close its trading floor Monday at Hurricane Sandy barrels its way up the Northeast, but trading will continue electronically.
 
The NYSE says it will invoke its contingency plans beginning Monday. The New York Mercantile Exchange also will be shutting its trading floor which is located in a mandatory evacuation zone.

  Trading has rarely stopped for weather. The NYSE shut down on March 27, 1985 for Hurricane Gloria.
 
Hurricane Sandy was headed north from the Caribbean, on course to meet a snowstorm and a cold front. Experts said the rare hybrid storm could cause havoc over 800 miles stretching from the East Coast to the Great Lakes.

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