NYSE to shift fully to e-trading from Monday after two coronavirus cases
The NYSE will temporarily close its trading floors and move fully to electronic trading from Monday after an employee and a trader were tested positive for the coronavirus. All NYSE markets will continue to operate despite the closure of the trading floors. The facilities to be closed include the equities and American options trading floors in NY and Arca options trading floor in San Francisco.
I think we might see a new push towards automation in every industry after this virus.
I think this is a great idea, continue with the truth.
Almost all trading on "NYSE" went electronic more than a decade a go. Floor is mainly a site for PR events like companies coming to ring the opening bell when they issue a new stock and parties. Though, I am sympathetic to @Avi's comment. I think that trading should be slowed down for various reasons -- including letting humans be at less of an disadvantage v bots. Market stability is another. Also, you @Paul: Nasdaq has never had an exchange floor and many other instruments are entirely electronically traded.
Colossus: The Forbin Project. Except it'll be financial computers rather than military computers.
Isnt that how the Nasdaq has always worked?
Kicks out humans for our own sake. I think I know how this movie ends.