NEW YORK — Officials at the New York Stock Exchange vowed Saturday to keep the ticker of its overburdened and beleaguered market going despite the prospect of a strike by 950 clerks and secretaries.
The contract expired at midnight Saturday, said Richard Torrenzano, a vice president at the stock exchange.
"Our position is that we are going to be open Monday morning, and the exchange will function normally regardless of any action by the union," Torrenzano said.
Torrenzano said talks were set for this evening, and no strike deadline has been set by the union. The issues have not been disclosed, but the union handed over a package of proposals Friday. Management negotiators planned to study the proposals and respond today.
Officials representing the 950 members of the Office and Professional Employees International Union, Local 153, were unavailable for comment Saturday.
The union represents secretaries, clerks and other support personnel at the exchange, its subsidiary, the New York Futures Exchange and the Securities Industry Automation Corp.