Traders work on the floor of the New York Stock Exchange.
NYSE
Some New York Stock Exchange employees will return to remote working amid an increase in Covid-19 cases in the largest US city.
“On Monday, December 28, 2020, NYSE Designated Market Makers (DMMs) will temporarily return to remote operations (with limited exceptions) in response to changes in public health conditions in the NYC region,” the NYSE said in a statement Tuesday. .
“DMMs maintain their legal obligations to maintain fair and orderly markets for all NYSE-listed securities and will provide liquidity electronically and facilitate the auctions of their allocated securities. The NYSE trading floor will remain open and will continue to support all of NYSE Floor Broker’s operations. ., including ‘D Orders,’ the statement said.
Following a historic shutdown in March due to the coronavirus pandemic, the NYSE partially reopened its doors in late May. At the partial reopening, only about 80 floor brokers were welcomed back, about 25% of those before the coronavirus pandemic.
Now the NYSE is sending certain market makers back to their remote work sites due to the record number of Covid-19 cases in New York City.
December was one of the grittiest months of the New York pandemic. New daily cases of coronavirus in the state have recently exceeded 10,000 for the first time since the spring, and Covid-19 hospital admissions are soaring.
New York Governor Andrew Cuomo announced Friday that New York City restaurants will be forced to close their indoor dining areas.
Despite the Pfizer vaccine being shipped and administered last week, the US reports at least 215,400 new Covid-19 cases and at least 2,600 virus-related deaths each day, based on a seven-day average calculated by CNBC with Johns Hopkins. University data.