(Reuters) – U.S. stock exchanges and Wall Street banks sent crucial employees into Manhattan to stay in hotels and coworkers’ homes, preparing to open for business on Monday with at least skeletal staff as Hurricane Sandy threatened to halt mass transit.
NYSE Euronext (NYX.N) and Nasdaq OMX Group (NDAQ.O), the two major U.S. stock exchange operators, said on Sunday they still planned to open for trading on Monday. Direct Edge also said it expected to operate its EDGX and EDGA exchanges during normal market hours on Monday.
But NYSE said on Sunday afternoon that it would close its physical trading floor operations for the first time since 1985. It will instead trade NYSE-listed securities on its fully electronic exchange, NYSE Arca.
CME Group Inc (CME.O) said it was suspending floor trade on Monday at NYMEX World Headquarters, the biggest oil and energy futures and options market in the world. But electronic trade at all of CME will open at the regularly scheduled time at Globex and ClearPort, CME’s online electronic platforms.