Two months after shutting down due to the coronavirus, the New York Stock Exchange will allow some traders to come back to the floor on May 26, NYSE President Stacey Cunningham announced after the market closed Thursday.
Traders work on the floor of the New York Stock Exchange (NYSE) on March 20, 2020 in New York City.
Photo by Spencer Platt/Getty Images
A “subset” of floor brokers will be allowed on the trading floor the day after Memorial Day.
“Designated market makers” who oversee trading in securities of the exchange’s 2,200 listed companies will continue to work from home, and the NYSE building will remain “largely empty,” Cunningham said.
Anyone who enters the building must avoid traveling via public transportation, have their temperature screened before entering the building, wear a mask and stay within a defined space on the floor.
The New York Stock Exchange has been limited to electronic trading since March 23 after two people in the building tested positive for COVID-19.
“It isn’t clear when America will resume business as usual. The virus will remain a stubborn reality but we can’t keep the country closed indefinitely. Given that, our reopening will bring a “new normal” for the NYSE, hopefully helping chart a path that other businesses in densely populated areas might follow,” Cunningham said.
It is ultimately unclear when offices in New York and elsewhere will return to normal, but some large companies—including Facebook and Google—are letting employees work from home until the end of 2020. Twitter is letting employees who can work remotely do so on a permanent basis after the pandemic.