Wall Street maintains its historic and decidedly un-PC traditions this week with shortened trading hours on Good Friday. Here are the details.
CLEVELAND, March 31, 2015 − It’s been refreshing up here in Northern Ohio to see that the time-honored tradition of Friday Lenten fish fries is still running at full blast. This proves that the entire U.S. has not yet been fully transformed into the Godless Secular City the East and West Bank coastal cognoscenti imagine it should be when the nation finally achieves their utopian, fundamentally transformed ideal.
That said, the Maven has always been impressed that on each and every Good Friday since heaven knows when, Wall Street traders − individuals, institutions and robber barons alike − take a brief time-out from their neverending, headlong pursuit of wealth. We’d like to think the reason behind the persistence of this observation is purely spiritual, but we know better. At this point, it’s probably just tradition.
Practically speaking, as on any holiday during the year, U.S. markets in stocks, options and bonds have to adjust trading hours and settlement dates accordingly, so here are the pertinent details for end-of-week trading this week:
All equity and option markets will be closed in observance of Good Friday. In addition, there will be no pre-market or after-hours trading sessions. Some brokerage houses may be open for normal business hours, but trading will not take place.
Bond trading: U.S. Treasury markets will close early at noon EDT on Friday. All other fixed income markets will be closed in observance of Good Friday.
Canadian markets will be closed in observance of Good Friday. Canadian equity orders placed after the close of U.S. markets on Thursday will route to the Canadian exchanges on Monday.
Details at your brokerage may vary, so check with your broker for more specific information.
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