New York ground to a halt – Force Majeure in action

US financial markets largely closed the last few days. It seems to be unprecedented case in history. It seems that large part of the world has stopped for few days. What are going to be impacts on a US financial market? Last trading day of the month is a very important time for people across the financial services industry. End of month is when settlement occurs to determine market performance, fund performance, trader performance, which are all based on the final settlement prices. Wall street US stock exchange is scheduled to open Wednesday, October 31st. #Sandy

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