SIFMA is requesting a full-market close on Jan. 16 for the trading of U.S. dollar-denominated fixed-income securities in the United States, United Kingdom and Japan in observance of the Martin Luther King, Jr. Day Holiday.
This recommendation, which has been made in prior years, applies to the trading of U.S. 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 regulatory group, which represents broker-dealers, banks and asset managers, says that the suggested early and full-market closes "are recommendations only" and that each member firm "should decide for itself whether its fixed-income departments remain open for trading."
