US stock markets to reopen later Wednesday

Major US stock exchanges expect to reopen on Wednesday after Sandy, the worst storm to hit New York in nearly 75 years, closed trading for two days.

NYSE Euronext said the New York Stock Exchange would open as usual, although it was prepared to switch to fully electronic trading if necessary. Nasdaq OMX’s Nasdaq Stock Market was also to be operating on Wednesday, as were BATS and Direct Edge Exchanges.

“We have a green light,” the chief operating officer of NYSE Euronext, Larry Leibowitz, said in an interview.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1073788/us-stock-markets-reopen-later-wednesday