New York: 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. All of the US stock market operators took part in coordinated testing on Tuesday for trading on NYSE's backup system, should it need to be used. The exercise was also aimed at allowing member trading firms, many of which are operating on backup systems themselves due to complications from the storm, an opportunity to make sure they are ready for Wednesday.
At least 30 people were killed and millions have been left without power after Sandy slammed into the East Coast on Monday. The storm shut down most businesses in Manhattan and caused a rare flooding of the subway tunnels, which is expected to keep the system closed for several days. US exchanges originally had planned to open markets on Monday, but they eventually responded to pressure from firms worried about employee safety, as well as the inability to see markets function effectively at light staffing. It was the first time in 27 years that exchanges closed because
08:15 AM, Oct 31, 2012
New York: Websites of exchange operators Nasdaq and BATS have been attacked by hackers over the last 24 hours, causing ongoing disruptions for those trying to use the sites, spokespersons for the companies said on Tuesday. Only the banner carrying the logo at the top of the web page for www.nasdaq.com was visible during repeated attempts to access Nasdaq's site on Tuesday afternoon. Trading in Nasdaq-listed stocks has not been...
08:25 AM, Feb 15, 2012