NYSE Will Temporarily Close Trading Floor

NEW YORK (AP) – The New York Stock Exchange will temporarily close its iconic trading floor in lower Manhattan and move to all-electronic trading beginning Monday as a precautionary step amid the coronavirus outbreak. The exchange will operate on a regular schedule, said Stacey Cunningham, the NYSE’s president. Several thousand brokers and others used to crowd the trading floor of the NYSE as recently as the 1990s. But in the years since, the rise of electronic trading grew to dominate the action on Wall Street. These days, there are about 500 floor traders at the NYSE.