# Prof. Menachem Brenner on the significance of the NYSE closure during Hurricane Sandy

1 Faculty News October 29, 2012 ![U.S. News and World Report logo](/sites/default/files/styles/246w/public/assets/images/con_030501.jpg?itok=1EF-s0wb)>

Excerpt from [US News & World Report](http://www.usnews.com/news/blogs/rick-newman/2012/10/29/the-nyse-shut-down-by-sandy-isnt-as-vital-as-you-think) -- "'It's the trading place of last resort,' says [Menachem Brenner](http://www.stern.nyu.edu/faculty/bio/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."

[Read more](http://www.usnews.com/news/blogs/rick-newman/2012/10/29/the-nyse-shut-down-by-sandy-isnt-as-vital-as-you-think)