Release Date: April 25, 2012
Contact: Liz Pierce (212)
313-1173, lpierce@sifma.org
SIFMA Recommends a Full Market Close on
May 7 for Trading of US Dollar-Denominated Fixed-Income Securities in the UK in
Observance of the UK May Day Holiday
New York, N.Y., April 25, 2012 — SIFMA has confirmed its previous recommendations
for a full market close on Monday, May 7 for the trading of US
dollar-denominated fixed-income securities in the United Kingdom in observance
of the UK May 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 (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.
