Home » Markets » NYSE testing coronavirus action plan if floor has to close
NYSE testing coronavirus action plan if floor has to close
NYSE to test for coronavirus preparedness
‘We have scenarios that we’re ready to roll out and implement at any point in time,’ Stacy Cunningham told FOX Business about the NYSE’s preparedness for coronavirus.
Watch the full interview with New York Stock Exchange President Stacy Cunningham on FOX Business' "Barron's Roundtable" at 10 p.m. ET Friday.
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In its 227-year history, the New York Stock Exchange has unexpectedly closed only a handful of times. The reasons range from the start of WWI, a nearby bomb killing dozens, the historic Black Thursday, the Sept. 11 attacks, the aftermath of Hurricane Sandy and even once for a music video filming causing a ruckus.
But in light of the recent deadly coronavirus outbreak, NYSE President Stacy Cunningham told Jack Otter during FOX Business' "Barron's Roundtable" the floor is prepared to close in the event the virus threatens the safety of the traders.
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"One of the things that we have to focus on is being prepared for any condition," Cunningham noted. "And so, we have scenarios that we're ready to roll out and implement at any point in time."