NYSE traders struggling with internet
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.