The struggle for trade

New York Governor Andrew Cuomo opens the New York Stock Exchange.
Image: Reuters

Traders are allowed back on the floor at the traditional New York Stock Exchange. Still an important event. But more and more new providers are pushing into the lucrative market of exchange operators.

Es was an unusual sight to see on Tuesday at the world’s largest stock exchange: Andrew Cuomo, New York’s governor, started trading on the New York Stock Exchange (NYSE) – with a blue face mask. The trading room of the prestigious stock exchange was closed in the wake of the Corona crisis. There have been no pictures of dealers standing excitedly or gesturing wildly on the floor in front of flickering screens for a good two months. Now the dealers can go back on the floor. But you won’t see them close together for a while.

At the moment, around 25 percent of the dealers are back on site. They have to keep enough distance from each other, have their temperature measured and wear masks. The brokers should also largely avoid using public transport. According to the “Wall Street Journal”, the floor traders even had to sign a declaration that they would not sue the exchange operator if they caught the virus on site. The rest of the employees will continue to work from home, said Stacey Cunningham, head of the New York Stock Exchange.

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