Trading

NYSE is going all-electronic for the first time — and the stakes are high

Here's what experts are watching for as coronavirus forces NYSE to operate without humans for the first time

Traders, some in medical masks, work on the floor of the New York Stock Exchange on 20 March in New York City
Traders, some in medical masks, work on the floor of the New York Stock Exchange on 20 March in New York City Photo: Getty Images

The New York Stock Exchange is going all-electronic today, marking the first time that the centuries-old exchange will operate in regular hours without its legion of trusted flesh-and-blood floor traders.

“It’s unprecedented, it’s never happened before,” said one NYSE official who declined to be identified because they weren’t authorised to publicly talk about the exchange’s operations. “Our markets have never been open while our trading floor’s not open.”

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