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Bracing for Storm, U.S. Stock Markets to Close - The New York Times

Once subscribed, the bot will send you a digest of trending stories once a day. You can also customize the types of stories it sends you. Click on the button below to subscribe and wait for a new Facebook message from the TC Messenger news bot. According to Reuters , the U. Stock Market will be closed on Monday due to interference that will be caused by the logistical nightmare that comes along with such a huge weather event like Hurricane Sandy.

Parts of New York City have already been evacuated.

Stock Market to Stay Closed Tuesday as Hurricane Sandy Rages

As early as six hours ago, it was said that the NYSE would not be closing down, but that decision has apparently been reversed as the severity of the storm has picked up. Additionally, the NASDAQ will be closed , a decision made in concert with the NYSE.

Clearly, safety is a priority in this situation, as the company stated tonight:. The dangerous conditions developing as a result of Hurricane Sandy will make it extremely difficult to ensure the safety of our people and communities, and safety must be our first priority. Decision to close U. NYSE to shut trading floor Monday, trade fully electronically for the first time in history nbcnews.

Here are the directions on how trading will occur while the shutdown is in effect:. All NYSE-listed securities will trade on NYSE Arca, our fully electronic exchange, from 4 a. In this scenario, pursuant to NYSE Rule 49 and NYSE Arca Equities Rule 2. During such a contingency plan, NYSE member organizations will be permitted to enter orders in NYSE-listed securities directly on NYSE Arca, even if not approved as an NYSE Arca ETP Holder.

While trading at NYSE MKT will not occur during this time,NYSE MKT member organizations that are also Arca ETP Holders may send orders in NYSE MKT-listed securities to NYSE Arca.

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Since trading will still be open electronically, it will be interesting to see what this event does to the market as a whole, good or bad. Even though the closings are slated for Monday only, it could be expanded depending on the severity of Hurricane Sandy.

Here is a full list of NYSE closings , dating back to its beginning.

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Clearly, safety is a priority in this situation, as the company stated tonight: View this document on Scribd. Crunchbase NASDAQ Founded Overview OMX Group Swedo-Finnish financial services company.

NYSE And NASDAQ To Close Down On Monday And Possibly Tuesday Due To Hurricane Sandy | TechCrunch

The organization has two divisions: OMX Exchanges, which operates eight stock exchanges mainly in the Nordic and Baltic countries; and OMX Technology, which develops and markets systems for financial transactions used by OMX Exchanges, as well as by other stock exchanges.

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