exchanges used to worry about viruses, it was of the type that infect the computers through which virtually all trading is done. But on March 18th the New York Stock Exchange became the latest venue to announce that its trading floors would close in response to the covid-19 disease, and that trading would become fully electronic from March 23rd. Such closures, amid extreme market volatility, may add to calls that all securities dealings should be suspended in response to the pandemic.
In America Steven Mnuchin, the treasury secretary, has mulled over the possibility of shortening trading hours, though he insists markets should stay open so savers can access their stockmarket holdings. Terry Duffy, the boss ofgroup, a derivatives exchange, said cutting back trading time “makes no sense ... especially during this unprecedented crisis when news, information and events are changing at such a rapid pace.
Source: Digital Coin News (digitalcoinnews.net)
REally? Why is that? The Rich who sold out early need to count their additional money? Oh! Sure! tRump needs his daily pablum stock market to follow. He takes credit when it's up and blames Dems when it's down. Perfect.
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