Press Releases
Release Date: January 7, 2008
Contact:
Katrina Cavalli, (212) 313-1181, kcavalli@sifma.org
SIFMA Recommends Full Market Close on January 21 for Trading of US Dollar-Denominated Fixed-Income Securities in the UK in Observance of the US Martin Luther King Day Holiday
New York, N.Y., January 7, 2008 — The Securities Industry and Financial Markets Association has confirmed its previous recommendation for a full market close on Monday, January 21, for the trading of US dollar-denominated fixed-income securities in the United Kingdom in observance of the US Martin Luther King Day Holiday.
These recommendations apply to trading of US dollar-denominated government securities, mortgage- and asset-backed securities, over-the-counter investment-grade and high-yield corporate bonds, municipal bonds and secondary money market trading in bankers’ acceptances, commercial paper and Yankee and Euro certificates of deposit.
SIFMA’s recommended full market closes are recommendations only; each member firm should decide for itself whether its fixed-income departments remain open for trading. All SIFMA recommendations are subject to change due to market conditions.
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The Securities Industry and Financial Markets Association brings together the shared interests of more than 650 securities firms, banks and asset managers. SIFMA's mission is to promote policies and practices that work to expand and perfect markets, foster the development of new products and services and create efficiencies for member firms, while preserving and enhancing the public's trust and confidence in the markets and the industry. SIFMA works to represent its members’ interests locally and globally. It has offices in New York, Washington D.C., and London and its associated firm, the Asia Securities Industry and Financial Markets Association, is based in Hong Kong.