NYSE Readies for Another Hurricane Sandy With Electronic Trading
- Stocks would trade electronically if humans cannot reach floor
- Sandy shut the U.S. equity market for two days in 2012
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The New York Stock Exchange, the last U.S. stock market with a physical trading floor, wants approval to trade some equities electronically at the start of the day.
NYSE, which is owned by Intercontinental Exchange Inc., would like the option to open trading electronically when human market makers are unable to complete the task themselves, according to a proposal filed with the Securities and Exchange Commission on Friday.