The New York Stock Exchange Doesn’t Give A Rat’s Ass About The Snow

Kenneth Polcari knows, and planned accordingly.

“The exchange is open because the exchange is always open,” said Mr. Polcari, who brokers trades on the floor for ICAP. “The exchange doesn’t close just because it’s snowing outside.” Mr. Polcari, who lives in Mount Kisco, N.Y., would normally rise at 4:30 a.m. and catch the 5:15 Metro-North Railroad train to Grand Central Terminal to arrive downtown by about 6 a.m. But as the snow began to pile up, he got on a 6:40 p.m. train Sunday. After grabbing a slice of pizza at Grand Central, he rode the subway to Wall Street and checked into the Club Quarters hotel near the exchange. All the other rooms were taken, he said, filled with financial-services workers who had to be at their posts or desks on Monday.

“People around the world trade on the New York Stock Exchange,” Mr. Polcai said. “They don’t know and they don’t care that it is snowing outside.”

LiveBlogging The Storm’s Aftermath [NYT]

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8 Responses to “The New York Stock Exchange Doesn’t Give A Rat’s Ass About The Snow”

  1. Rise of the Machines says:

    Server colocation means that people around the world don’t know and don’t care that there are actually people inside the exchange.

  2. joey bag o'donutz says:

    declining market share and increasing irrelevance is NKI

  3. Anonymous says:

    Anyone else have a mental image of this guy talking loudly either to the conductor or on his cellphone while on the train yesterday so that the rest of the people on the car know how “important” it is that he be in the city today?

    • Anal_yst says:

      Your comment(s) re: train commutes were spectacular, but it seems you’re still in that mode. That being said, I do not disagree with your assessment. Would you go so far as to suppose pinstripe suit? Black rubber shoe-covers, etc?

  4. Asdrsa5 says:

  5. 14DalW Hey, thanks for the blog.Much thanks again. Keep writing.