New York Stock Exchange suspends physical trade Monday

The New York Stock Exchange will only trade electronically on Monday due to the imminent arrival of Hurricane Sandy, its operator said.

NYSE Euronext has decided to “suspend physical trading floor operations and invoke its contingency plans to trade all NYSE-listed securities on NYSE Arca, the company’s fully electronic exchange,” a statement said.

The approaching storm has New York City on high alert, with Mayor Michael Bloomberg ordering evacuations in certain areas and all public transport due to be suspended on Monday, including the subway.

via Business feed http://www.scmp.com/business/banking-finance/article/1072236/new-york-stock-exchange-suspends-physical-trade-monday