""The New York Stock Exchange has survived global wars and financial collapses, but its Achilles' heel remains a classic Nor'easter. As a 30-year Wall Street veteran, I've seen the floor survive plenty of \"snow days,\" but Monday's forecast is a different animal. With a Blizzard Warning officially in effect for Manhattan and 60 mph gusts targeting the Five Boroughs, the question isn't just about the accumulation-it's about the infrastructure.""
""Historically, the NYSE stays open unless the city's veins stop pumping. But with the MTA already slashing Metro-North and LIRR service, we are hitting the \"staffing trigger\" where getting essential market makers to 11 Wall Street becomes a physical impossibility. While electronic trading has made the market more resilient since the days of the Great Blizzard of 1888, a total shutdown isn't off the table when the safety of personnel is at risk.""
Severe weather can force closure of the NYSE trading floor when essential specialists and Market Makers cannot reach 11 Wall Street. NYSE Rule 7.1 empowers the Exchange CEO to halt, suspend, or close trading for extraordinary circumstances, including severe climatic conditions. Modern electronic trading platforms allow markets to continue during floor shutdowns, preserving liquidity and continuity. In-person specialists and Market Makers on the floor help reduce intraday volatility and maintain orderly trading. Transit disruptions and personnel safety are the primary operational triggers for a full shutdown. Reopenings after closures commonly produce short-term volatility but rarely cause sustained long-term market dislocations.
Read at TheStreet
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