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NYSE Studying Westchester for Second Trading Floor

WESTCHESTER-The New York Stock Exchange is studying the possibility of building a second trading floor outside of Manhattan and one possible location could be somewhere in Westchester County.

By John Jordan | Updated on July 25, 2002

WESTCHESTER-Westchester County is one of the sites the New York Stock Exchange is considering for a possible second trading floor.

Ray Pellecchia, a spokesman for the New York Stock Exchange, tells GlobeSt.com that the possible siting of a second trading floor has been “a topic of discussion since last September.” He adds that the NYSE has not made a decision as yet on whether it would built a second trading floor to its storied 38,000-sf trading floor at 11 Wall St.

One reason for building a second trading floor would be so that the NYSE’s operations would not be concentrated in one location running on one power grid.

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