NYSE to trade electronically Monday, shut floor
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NYSE Euronext said Sunday it is putting in place its contingency plans beginning Monday and will announce later when the trading floor will reopen. The New York Mercantile Exchange, a commodity futures exchange, also will be shutting on Monday its trading floor which is located in a mandatory evacuation zone. The CME Group, which owns NYMEX, said all electronic markets will open at their regularly scheduled times. The moves come as Hurricane Sandy causes the shutdown of transportation systems throughout the region. Governor Andrew Cuomo said New York City's subways and buses will shut down Sunday evening. New York City Mayor Michael Bloomberg ordered residents to evacuate some low-lying areas Sunday and said city public schools will close Monday. Trading can still go on even without people yelling orders to buy and sell across the floor of the exchange because many orders on the NYSE are already handled electronically.
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NYSE New York New York City trading floor New York Mercantile Exchange NYSE Euronext New York City Mayor futures exchange World Trade Center Hurricane Gloria Andrew Cuomo storm surge contingency plans Michael Bloomberg Eastern Seaboard CME Group electronic markets Great Depression public schools West Virginia parent company New Jersey North Carolina NYMEX wintry Mahwah Mercantile electronically blizzard commodity dump hook yelling monster Arctic securities Caribbean weather Kentucky coast Trade systems the stormPeople:
Governor Andrew Cuomo
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Mayor Michael Bloomberg
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City: New York City
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Company: NYSE
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Company: futures exchange
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- Andrew Cuomo
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NYSE to trade electronically Monday, shut floor
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The New York Stock Exchange and the NYMEX are shutting their trading floors in New York Monday as Hurricane Sandy bears down on the Big Apple.
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