Prof. Menachem Brenner on the significance of the NYSE closure during Hurricane Sandy
October 29, 2012
Excerpt from US News & World Report -- "'It's the trading place of last resort,' says Menachem Brenner, a professor of finance at New York University. He points out that traders on the exchange floor are typically able to produce quotes for stock prices that serve as benchmarks followed by other exchanges. The NYSE floor also tends to see a spike in volume when there's some kind of anomaly in the market, which may indicate that buyers and sellers migrate to the NYSE when there's a hint of trouble."