New York, March 20 (TIWN) The New York Stock Exchange (NYSE) has said it will temporarily close its trading floors and move to fully electronic trading due to the COVID-19 outbreak.

All-electronic trading will begin on March 23 at the open, the exchange said in a statement on Wednesday, adding the decision to temporarily close the trading floors represents a precautionary step to protect the health and well-being of employees and the floor community in response to COVID-19, Xinhua reported.