American Airlines secures $1 billion credit line to deal with coronavirus crisis
“It is important that markets remain open and that the hours of trading remain as normal, to preserve the benefits of price formation and access to liquidity for society”
FILE PHOTO: An American Airlines Boeing 737 MAX 8 flight from Los Angeles taxis after landing at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States over safety issues in Washington, US March 13, 2019. REUTERS/Joshua Roberts
Stock and derivatives exchanges will remain open despite extraordinary volatility in global financial markets, the World Federation of Exchanges (WFE) said on Thursday.
"Even as our present crisis causes large swings in markets and operational pressure on market infrastructures, these functions remain critically important," the WFE said in a statement.
"It is important that markets remain open and that the hours of trading remain as normal, to preserve the benefits of price formation and access to liquidity for society."
The WFE represents exchanges and clearing houses from across the world, including CME, Nasdaq, Shanghai Stock Exchange, Japan Exchange and Deutsche Boerse.
