NYSE traders strug­gling with in­ter­net

The Pak Banker - - Front Page -

NEW YORK

The New York Stock Ex­change opened its mar­ket on time by run­ning on backup power from gen­er­a­tors fol­low­ing the long­est weather-re­lated shut­down in more than a cen­tury. Bro­kers on the NYSE floor ex­pe­ri­enced lim­ited In­ter­net and mo­bile-phone con­nec­tions while still be­ing able to trade from the ex­change.

Trad­ing went “very smoothly, ev­ery­thing opened fairly quickly,” Dun­can Nieder­auer, the chief ex­ec­u­tive of­fi­cer of NYSE Euronext (NYX), said in an in­ter­view with Bloomberg Tele­vi­sion’s Matt Miller. “Par­tic­i­pa­tion has been a lot more ac­tive than we thought,” he said. “For some it was busi­ness as usual, for some they were us­ing their backup sites.”

The Dow Jones In­dus­trial Av­er­age ad­vanced 0.5 per­cent to 13,172.9, with all 30 con­stituents show­ing open­ing prices by 9:32 a.m. in New York.

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