Hurricane Sandy: All Electronic Trading Likely to Cease Tomorrow

Rich Tehrani : Communications and Technology Blog - Tehrani.com
Rich Tehrani
CEO
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Hurricane Sandy: All Electronic Trading Likely to Cease Tomorrow

I have it on good authority that all US markets will be shut down as a result of hurricane Sandy. This includes electronic trading which is a new addition - earlier you may have heard human trading was to be shut down. Exchanges affected according to sources are NASDAQ, BATS Direct Edge, NYSE CME and CBOE.
This will definitely happen unless Mary Shapiro, chairman of the SEC overrules the decision.
Moreover a shutdown like this as a result of weather is very rare.
I wish you all a safe and secure week.

Update: All cash markets and options markets will be closed on Monday and Tuesday.



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