Release Date: January 6, 2012
Contact: Liz Pierce, (212)
SIFMA Recommends a Full Market Close on January 16 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 6, 2012 — SIFMA has confirmed its previous recommendation for
a full market close on Monday, January 16 for the trading of US
dollar-denominated fixed-income securities in the United Kingdom in observance
of the US Martin Luther King Day Holiday.
This recommendation applies
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.
Industry and Financial Markets Association (SIFMA) brings together the shared
interests of hundreds of securities firms, banks and asset managers.
SIFMA's mission is to develop policies and practices which strengthen
financial markets and which encourage capital availability, job creation and
economic growth while building trust and confidence in the financial industry.
SIFMA, with offices in New York and Washington, D.C., is the U.S.
regional member of the Global Financial Markets Association (GFMA). For
more information, visit www.sifma.org