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US exchanges batten down hatches for Hurricane Irene

The last time the New York Stock Exchange closed due to a hurricane was over 25 years ago

Exchanges laid out plans late yesterday to cope with the high winds and heavy rain expected as Hurricane Irene moves northward, in what is expected to be Mother Nature's second big disruption for the eastern US within a week.

Officials planned to convene conference calls and visit data centers housing key trading systems throughout the weekend, as Irene seems on a path to hit the New York financial hub on Saturday and Sunday.

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