Release Date: May 16, 2012
Contact: Liz Pierce, (212)
SIFMA Recommends Early Market Closes on June
4 and June 5 for Trading of US Dollar-Denominated Fixed-Income Securities in Japan
in Observance of the UK Spring Bank and Queen’s Diamond Jubilee Holidays,
New York, N.Y., May 16, 2012 — SIFMA has confirmed its previous recommendations for
early market closes at 3:00 p.m. JST on Monday, June 4 and Tuesday, June 5 for
the trading of US dollar-denominated fixed-income securities in Japan in
observance of the UK Spring Bank and Queen’s Diamond Jubilee Holidays,
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.