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How Some Traders Are Able to Go Back to the NYSE

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The New York Stock Exchange is finally reopening its doors.

The NYSE will reopen its trading floor Tuesday but only about 25% of the normal trader workforce will be back.

The NYSE closed the floor about two months ago due to the coronavirus pandemic and moved to all-electronic trading.

Traders who return Tuesday must wear masks and follow social-distancing guidelines.

To return to their jobs, floor traders must sign a liability waiver that prevents them from suing the NYSE if they get infected at the exchange, according to The Wall Street Journal.

They must acknowledge that returning to the floor could result in them “contracting Covid-19, respiratory failure, death, and transmitting Covid-19 to family or household members and others who may also suffer these effects,” according to the waiver, a copy of which was seen by Journal.

But what does this mean for the NYSE and anyone who comes into the building?

Rebecca Rose Woodland, litigator and legal analyst, joined TheStreet to break it down. 

Watch the video above for more.

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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