Exchange trading floors continue to thrive in U.S. derivatives markets in 2020, even as Covid-19 forced exchange trading floors to close in the first half of the year. Trading migrated to electronic exchanges during the floor closures, with exchanges quickly enacting disaster recovery protocols to maintain operations and support liquidity needs.
Burton-Taylor conducted anonymous interviews with market makers, global broker dealers and exchanges obtaining first-hand perspectives on the role of exchange trading floors in today’s capital markets. The report analyzes what happened when exchanges were forced to close trading floors as the Covid-19 virus spread worldwide. The report also identifies how the industry adapted to floor closures, how electronic tools supported liquidity needs and what benefits trading floors offer to the industry.