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SIFMA Market Close Recommendation for the US Independence Day Holiday

Release Date: June 28, 2012
Contact: Liz Pierce, (212) 313-1173, lpierce@sifma.org

SIFMA Recommends Early Market Close on July 3 and Full Market Close on July 4 for Trading of US Dollar-Denominated Fixed-Income Securities in the US in Observance of the Independence Day Holiday

New York, N.Y., June 28, 2012 — SIFMA has recommended an early close at 2:00 p.m., EST, on July 3 and confirmed its previous recommendation for a full market close on Wednesday, July 4 for the trading of US dollar-denominated fixed-income securities in the United States in observance of the Independence 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.

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.

 

 

 

 

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Contact

In New York:
Katrina Cavalli
212.313.1181


-or-


 Liz Pierce

212.313.1173

 

In Washington:

Carol Danko
202.962.7390

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