World’s Largest Stock Exchange Closes, Agriculture Trading Won’t Happen Today and Maybe Tuesday
By Amanda Brodhagen, Farms.com
It’s probably safe to say that we’ve entered into a new era of trading, as it was announced today that the world’s largest stock exchange – the New York Stock Exchange (NYSE) will not be trading any futures today over the development of Hurricane Sandy, which is projected to hit New York City the hardest and has already responsible for 65 deaths in the Caribbean. The NYSE is responsible for futures trading in contracts in energy, agriculture and foreign exchange. The NYSE is expected to re-open again for business as usual on Tuesday, but some say it could be even later. It’s on a rare occasion that the NYSE would close - the last time it shut down operations was during 9/11.