One of the main consequences of the Coronavirus, beyond the serious health crisis that it is already generating in various countries of the world, is the changes in the economy. Specifically, in the way of working of companies and government institutions. That is why the New York Stock Exchange decided to operate virtually, as announced in our Tweet of today.
Disruption of the New York Stock Exchange
The economy has been one of the most affected by the rapid expansion of the Coronavirus worldwide. Because, as our only defense measure against disease, social distancing and quarantine, productive and commercial activities have been interrupted.
This has led to multiple companies worldwide, have decided to go from a face-to-face to a virtual mode of work. Encouraging its workers to maintain the same work rhythm from their homes.
All this to avoid the possibility of contagion due to coexistence within the offices for long days.
However, there are countries that are more advanced than others. As well as companies that without waiting for instructions from their government had already begun to move operations, foreseeing the severity that the outbreak of the Coronavirus would reach.
The United States is one of the countries affected by the Coronavirus that has taken the fewest measures to combat it. It was only today that the New York Stock Exchange, the largest in that country and the world, has announced via Twitter the cessation of its activities and the move to a virtual mode while the crisis is passing:
“We will temporarily move to fully electronic trading from the opening of markets on Monday.”
Although these measures were late in the eyes of many observers, they indicate a turnaround in one of the main institutions of the United States, such as the New York Stock Exchange.
This shows that soon the rest of American companies and institutions could follow this path. Definitively changing the functioning of the American economy while the Coronavirus crisis lasts.