Traders Magazine
By Farrell Kramer, Head of NYSE Communications, New York Stock Exchange
There are no signs announcing its location. No painted lines on the parquet floor to guide visitors. Yet, every trader at the New York Stock Exchange knows the way to this small but critical area of the famed 16,000 square-foot trading floor.
It is called, quite simply, the Ramp.
Modest in name and appearance, the Ramp serves a crucial function at the modern NYSE, where technology and human expertise complement each other to power the world’s largest stock market. When traders have questions about technology or trading or exchange rules or when major market events occur there’s only one destination. Young traders learn this from the very beginning.
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Listen • 3:37
Stock trader Peter Tuchman works on the floor of the New York Stock Exchange on March 9, 2020.
After Peter Tuchman left the New York Stock Exchange in March 2020, he was worried he wouldn t come back. I basically came very close to dying, he says.
Known as the most photographed man on Wall Street, Tuchman has an amazing expressiveness that tells you instantly if stocks are up or down. He contracted COVID-19 early on and has had health issues ever since. Tuchman didn t return to the trading floor full time until November.
Since the stock market reopened its iconic trading floor last May, after a temporary closure, it has operated with a skeleton crew on-site.
When a company s stock starts trading on the New York Stock Exchange, there s a tradition.
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MARTIN: And there it is. They ring the opening bell. That has played out differently during this pandemic year. When the New York City lockdown started, the exchange operated without its trading floor for the first time in its 228-year history. Two months later, it reopened but with limited capacity. Today, that changes. Here s NPR s David Gura.
DAVID GURA, BYLINE: When the opening bell rang on Friday, the trading floor was still pretty empty and quiet, a far cry from how boisterous it used to be. And there was only one person standing on that balcony.