Release Date: April 25, 2012
Contact: Liz Pierce (212)
SIFMA Recommends Full Market Closes on
April 30, May 3, May 4 and an Early Close on May 7 for Trading of US
Dollar-Denominated Fixed-Income Securities in Japan in Observance of the Showa
Day, Constitutional Day, Greenery Day and UK May Day Holidays, Respectively
New York, N.Y., April 25, 2012 — SIFMA has confirmed its previous recommendations for
full market closes on Monday, April 30, Thursday, May 3 and Friday, May 4 and
an early close at 3:00 p.m. JST on Monday, May 7 for the trading of US
dollar-denominated fixed-income securities in Japan in observance of the Showa
Day, Constitutional Day, Greenery Day and UK May Day Holidays, respectively.
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.
The early close will not
affect the closing time for settlements.
SIFMA’s recommended early and
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.