NYBOT to Resume Trading Monday
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The New York Board of Trade said trading of its commodities will resume Monday at its backup facility in Queens, N.Y., with a practice session Saturday.
NYBOT operates the Coffee, Sugar & Cocoa Exchange and the New York Cotton Exchange at 4 World Trade Center, which was evacuated after the center’s twin towers were destroyed.
Trading at the five-story glass and concrete building in a warehouse district in Queens will start at 7:30 a.m. with cocoa, followed by coffee, sugar, cotton and orange juice over an 11 1/2 hour day that normally lasts six hours. Each commodity will have 1 1/2 hours to trade, with a maximum of 250 people able to fit in the room.
The facility in Long Island City was created after the terrorist bombing of the World Trade Center in February 1993.
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