NYSE resumes floor trading

[HisArpy]

The exchange halted floor trading back in March. They resumed floor trading today with a limited number of people.

https://www.marketwatch.com/story/t...ring-the-closure-2020-05-26?mod=mw_latestnews

Pay no attention to the screwed up dates in the sub header, people these days...

Anyway, I found this part interesting:

Brokers also need to sign a waiver that frees the NYSE against any legal liability for the return of staffers

Since when can a company require you to sign a waiver of liability before you can go to work there? Even sub contractors get liability coverage for injuries while performing work on behalf of, or for the direct benefit of, the contractor/company.

Maybe there's something in NY law that allows it, but I'd not bet on it.

 

[bestone4ever]

Since when can a company require you to sign a waiver of liability before you can go to work there? Even sub contractors get liability coverage for injuries while performing work on behalf of, or for the direct benefit of, the contractor/company.

Maybe there's something in NY law that allows it, but I'd not bet on it.

I would say it's because you can pinpoint when an employee or sub gets hurt on the job as opposed to the virus which employees can get anywhere.

 

[Wrong Element]

I guess it's nice as a symbol of things beginning to return to normal in Manhattan, but floor trading has been an anachronism for a couple of decades now.

 

[HisArpy]

I would say it's because you can pinpoint when an employee or sub gets hurt on the job as opposed to the virus which employees can get anywhere.

That's the nature of premises injuries regardless of whether it's an employee's sprained back, a customer's slip and fall, or someone contracting CV19. The person making the claim has to PROVE that the company/contractor is at fault. Without that, you got bupkis.