The New York Stock Exchange is closing its floor trading operation on Monday and going all electronic, parent company ICE said Wednesday.
“The decision to temporarily close the trading floors represents a precautionary step to protect the health and well-being of employees and the floor community in response to COVID-19,” the company said in a statement.
The moves, assuming the market can properly function this way, reflects the shift in recent years to electronic trading, which accounts for the majority of trading activity now.
