Release Date: November 13, 2012
Contact: Liz Pierce, (212) 313-1173, firstname.lastname@example.org
SIFMA Recommends Early Market Close on November 23 and a Full Market Close on November 22 for Trading of US Dollar-Denominated Fixed-Income Securities in the US in Observance of the Thanksgiving Day Holiday
New York, N.Y., November 13, 2012 — SIFMA has confirmed its previous recommendations for an early close at 2:00 p.m., EST, on Friday, November 23, and a full market close on Thursday, November 22 for the trading of US dollar-denominated fixed-income securities in the United States in observance of the Thanksgiving 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.
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.