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All U.S. Stock Trading Canceled

Shutdown ahead of storm may extend through Tuesday.

By Nina Mehta and Nikolaj Gammeltoft, Bloomberg | Updated on October 29, 2012

The U.S. securities industry canceled equity trading on all markets today, moving to protect workers as Hurricane Sandy barreled toward New York City with 70-mile-per-hour winds and the threat of an 11-foot sea surge.

The shutdown, announced by the Securities and Exchange Commission, may extend through tomorrow and followed an earlier decision by the New York Stock Exchange to close floor trading. Risks posed by the storm, expected to come ashore late today in southern New Jersey and potentially affect 60 million people, were deemed too great to require workers to travel.

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