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Wall Street opens for 'business as usual' as storm wanes

(Adds information about banks being open)

By John McCrank

NEW YORK, Jan 27 (Reuters) - Wall Street began a regular stock and bond trading session on Tuesday after a storm that had threatened to blanket New York with up to 3 feet (0.9 meter) of snow ended up dumping just a few inches on the city.

The New York Stock Exchange, a unit of Intercontinental Exchange Inc ; Nasdaq OMX Group ; and BATS Global Markets were all open for business as usual, spokesmen said separately. U.S. bond markets were as well.

Investment banks including Goldman Sachs Group Inc, JPMorgan Chase & Co (Xetra: 850628 - news) 's JPMorgan and Morgan Stanley (Xetra: 885836 - news) were open as well.

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At least one initial public offering, Zosano Pharma Corp , is set to make its debut on Tuesday.

The massive storm was still pounding much of New England but delivered a much softer-than-forecast punch to the greater New (KOSDAQ: 160550.KQ - news) York area. Less than a foot of snow fell in Central Park, versus the 2 to 3 feet predicted as the storm advanced on the area on Monday.

Transit systems in the region were shut down on Monday, but subway service resumed Tuesday morning. With railway systems serving the suburbs largely shut down, many employees are working from home.

"We expect a regular open and a manageable trading day," said Jamie Selway, managing director and head of electronic brokerage at Investment Technology Group. "The storm was a bit of a bust."

ITG had between 10 and 15 essential personnel staying in hotels in lower Manhattan overnight Monday to make sure they would have enough people on Tuesday morning.

New York Governor Andrew Cuomo said a travel ban in the region had been lifted at 7:30 a.m. ET (1230 GMT). (Reporting by John McCrank; Writing by Dan Burns and Dan Wilchins; Editing by Franklin Paul and Lisa Von Ahn)