Release Date: December
17, 2015
Contact: Liz
Pierce, (212) 313-1173, [email protected]
SIFMA Issues 2016 and 2017 Recommendations for Full and Early Holiday
Closes for Trading of US Dollar-Denominated Fixed-Income Securities in the US
and UK
New York, NY, December 17, 2015 - SIFMA today issued its 2016 and 2017
holiday schedules for full and early market closes for the trading of US
dollar-denominated fixed-income securities in the United States and the United
Kingdom. SIFMA will publish its 2017 recommendations for Japan in early
2016.
The 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 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. Early closes will not affect
the closing time for settlements.
The full 2016 and 2017 holiday recommendations for the US and UK are
listed on SIFMA's Website at http://www.sifma.org/services/holiday-schedule/.
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SIFMA is the voice of the U.S. securities
industry, representing the broker-dealers, banks and asset managers whose
889,000 employees provide access to the capital markets, raising over $2.4 trillion
for businesses and municipalities in the U.S., serving clients with over $16
trillion in assets and managing more than $62 trillion in assets for individual
and institutional clients including mutual funds and retirement plans. 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
http://www.sifma.org.
