Home / Stocks / ‘I feel disconnected from the world and from the market’: NYSE floor trader

‘I feel disconnected from the world and from the market’: NYSE floor trader

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”Traders accustomed to the bustling floor of the New York Stock Exchange (NYSE) are adapting to working from home after the NYSE temporarily closed the floor over a href=https://finance.yahoo.

com/news/coronavirus-update-nyc-braces-for-new-case-surge-as-spain-italy-woes-mount-182426136.htmlcoronavirus concerns/a and a href=https://finance.

yahoo.com/news/nyse-to-go-fully-electronic-coronavirus-205533217.

htmlwent fully electronic on Monday/a.” data-reactid=”16″>Traders accustomed to the bustling floor of the New York Stock Exchange (NYSE) are adapting to working from home after the NYSE temporarily closed the floor over coronavirus concerns and went fully electronic on Monday.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”“I definitely feel very disconnected from the world and disconnected from the market,” Jonathan Corpina, Senior Managing Partner at Meridian Equity Partners, told Yahoo Finance’s “a href=https://finance.yahoo.

com/show/firsttrade/The First Trade/a” on Monday.” data-reactid=”17″>“I definitely feel very disconnected from the world and disconnected from the market,” Jonathan Corpina, Senior Managing Partner at Meridian Equity Partners, told Yahoo Finance’s “The First Trade” on Monday.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”Sitting in a home office is not the same as the floor where “you can;see the lights, you can hear the noise, you can hear the volume changing back-and-forth,” Corpina tells Yahoo Finance.” data-reactid=”18″>Sitting in a home office is not the same as the floor where “you can see the lights, you can hear the noise, you can hear the volume changing back-and-forth,” Corpina tells Yahoo Finance.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”The 228-year old Big Board temporarily shut its iconic trading floor and went fully electronic after two individuals from the building tested positive for coronavirus, or COVID-19, last week. Since then, sources tell Yahoo Finance at least five other individuals from the floor have also tested positive for the virus.

” data-reactid=”30″>The 228-year old Big Board temporarily shut its iconic trading floor and went fully electronic after two individuals from the building tested positive for coronavirus, or COVID-19, last week. Since then, sources tell Yahoo Finance at least five other individuals from the floor have also tested positive for the virus.

‘We need you guys back’<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”During the closure, brokers who trade on behalf of clients do not have access to certain order types that can only be executed from the floor.” data-reactid=”32″>During the closure, brokers who trade on behalf of clients do not have access to certain order types that can only be executed from the floor.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”“We have seen over the last day or so, market share from the NYSE obviously has ticked lower without that broker volume in there, and that value added that we do add,” says Corpina.” data-reactid=”33″>“We have seen over the last day or so, market share from the NYSE obviously has ticked lower without that broker volume in there, and that value added that we do add,” says Corpina.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”NYSE executives assure the a href=https://finance.yahoo.

com/news/nyse-to-go-fully-electronic-coronavirus-205533217.htmlfloor closure is temporary/a.

President Stacey Cunningham tweeted this week, ”We look forward to the day when we re-open the Floor and welcome back to 11 Wall Street all of the Trading Floor community.”” data-reactid=”34″>NYSE executives assure the floor closure is temporary.

President Stacey Cunningham tweeted this week, ”We look forward to the day when we re-open the Floor and welcome back to 11 Wall Street all of the Trading Floor community.”

<p class="canvas-atom canvas-text Mb(1.

0em) Mb(0)–sm Mt(0.8em)–sm” type=”text” content=”Corpina and others also look forward to that day, though no one knows yet when it will come.

” data-reactid=”35″>Corpina and others also look forward to that day, though no one knows yet when it will come.

<p class="canvas-atom canvas-text Mb(1.

0em) Mb(0)–sm Mt(0.8em)–sm” type=”text” content=”“I continue to talk to clients across the globe right now and they keep asking the same question: ‘We need you guys back.

When are you going back?’” he added.” data-reactid=”36″>“I continue to talk to clients across the globe right now and they keep asking the same question: ‘We need you guys back.

When are you going back?’” he added.

<p class="canvas-atom canvas-text Mb(1.

0em) Mb(0)–sm Mt(0.8em)–sm” type=”text” content=”emInes covers the US stock market from the floor of the New York Exchange.

Follow her on Twitter at /ema href=https://twitter.com/inesreports?lang=en rel=nofollow noopener target=_blankem@inesreports/em/aem.

/em” data-reactid=”37″>Ines covers the US stock market from the floor of the New York Exchange. Follow her on Twitter at @inesreports.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”strongRead more:/strong” data-reactid=”38″>Read more:

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”a href=https://finance.yahoo.

com/news/brokers-sound-off-as-coronavirus-forces-nyse-to-go-all-electronic-130045175.html‘This will kill the business’: Brokers sound off as coronavirus forces NYSE to go all electronic/a” data-reactid=”39″>‘This will kill the business’: Brokers sound off as coronavirus forces NYSE to go all electronic

<p class="canvas-atom canvas-text Mb(1.

0em) Mb(0)–sm Mt(0.8em)–sm” type=”text” content=”a href=https://finance.

yahoo.com/news/a-view-from-the-trading-floor-algorithms-having-outsized-impact-amid-coronavirus-panic-160248892.

htmlA view from the trading floor: Algorithims having ‘outsized impact’ amid coronavirus impact/a” data-reactid=”40″>A view from the trading floor: Algorithims having ‘outsized impact’ amid coronavirus impact

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”emFollow Yahoo Finance on;/ema href=https://twitter.com/YahooFinance rel=nofollow noopener target=_blankemTwitter/em/aem,;/ema href=https://www.

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br/embr” data-reactid=”41″>Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn, YouTube, and reddit.

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