American Stock Exchange has negotiated the Securities and Exchange Commission, and on Sunday they said they intended to open as usual on Monday morning, and therefore Wall Street banks, we would be open for normal business. Capital Markets and Securities Industry Association, said the bond markets have also been programmed too.
In a statement, the New York Stock Exchange, he said, the option to open the calendar was then followed by a thorough evaluation with officials of the City of New York, which manages the operational readiness of the transport structure, metropolitan area security , water and energy as well as evaluating the disposition of our business and data center services.
After being hit by Hurricane Irene, even if the physical damage was less, but the question lies in the Wall Street was the feasibility of public transport to get people in Manhattan for commercial purposes.
But without buses and subways, New York Stock Exchange and the companies using exchange traders to have backup plans to run with minimum staff, so many employees live in Manhattan or intended to be in city driving, others for the weekend were accommodated in hotels.
The Federal Reserve Bank of New York was also insensitive to Hurricane Irene, and hope that employees would be able to arrange transport for Monday or you can work remotely, if public transport was still interrupted.
Direct Edge and BATS Trading, the country’s largest electronic market, robust backup data centers in New Jersey, who endured the storm.