Business Services Industry
NYSE Maps Out Contingency Plans for Attacks.
Knight Ridder/Tribune Business News, November, 2001
By Antonio Fins, South Florida Sun-Sentinel Knight Ridder/Tribune Business News
Nov. 9--The New York Stock Exchange is preparing "contingency" plans to deal with the possibility of a terrorist attack on its Wall Street home, exchange Chairman Richard Grasso told a gathering of financial industry executives gathered in Boca Raton Wednesday.
Among the options, Grasso said, are auxiliary locations across the Hudson River in New Jersey and shuttling some electronic trading functions to other exchanges in Europe, Asia and Latin America.
Grasso indicated the plans were a response to the six-day shutdown of the NYSE following the Sept. 11 attacks on the World Trade Center -- not to an imminent threat or a new warning of possible attacks.
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