Coronavirus Shutdown Casts Doubt on Value of Exchange Trading Floors

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Coronavirus Shutdown Casts Doubt on Value of Exchange Trading Floors
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The New York Stock Exchange's crucial 4 p.m. auctions ran more smoothly after it closed its floor to curtail the coronavirus, a study finds

An academic study released Thursday found that NYSE’s crucial 4 p.m. auctions, which determine end-of-day prices for thousands of stocks, ran more smoothly after the Big Board closed its floor to curtail the spread of the coronavirus.

NYSE has questioned the study’s conclusions.
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