NYSE president says no plan to close trading floor now

The New York Stock Exchange does not currently plan to close its trading floor and the markets are functioning as expected, even as concerns over the coronavirus cause sharp spikes in volatility, NYSE President Stacey Cunningham said on Thursday. “If there is an outbreak, we can clean the floor pretty quickly and reopen as well,” she told CNBC in an interview. “We are not planning to close the floor at this time,” she said of the NYSE, which is owned by Intercontinental Exchange Inc (ICE.N). On Wednesday, the exchange operator outlined measures to reduce the chance that the virus will affect the trading floor, according to an internal memo. Steps included mandating separate entrances and eating spaces for floor traders and NYSE and ICE employees that work in the office tower at 11 Wall Street. Futures exchange operator CME Group said late on Wednesday it was closing its trading floor until further notice as a precaution and that all trading would be done electronically.

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