The New York Stock Exchange (NYSE) is set to partially reopen its trading floor to some market makers, with effect from Wednesday, 17th June 2020. This comes after almost three months of being closed due to the global COVID-19 pandemic.
Reuters reports that some designated market makers, who oversee trading in the exchange’s 2,200 listed companies, will be permitted to come back. This will be in addition to the 25% of participants who returned when the trading floor partially reopened on 26th May.
However, verbal bids and offers will still not be allowed. Furthermore, the trading floor will continue to operate with reduced headcount and additional safety precautions.
NYSE closed its floor in March and had moved to electronic trading for the first time in its 228-year history after one of its employees and a trader tested positive for COVID-19.