Online traders always need to be aware of market closures that can affect trades and settlement days.
WASHINGTON, May 20, 2015 – The Maven was surprised when he looked at this week’s calendar. Due to the normal way that dates and days migrate over each year, some holidays show up when you least expect them. And so it is with Memorial Day, 2015, which occurs rather early: Monday, May 25.
That’s because this annual Federal government and national holiday always falls on the final Monday in May. Since May ends this year on the following Sunday – May 31, 2015 – the following Monday is June 1. Hence, the Memorial Day holiday feels as if it’s a week early.
Anyway, traders, now you’ve been warned. Since U.S. and Canadian trading hours adjust to take each trade-free holiday into account, we’re providing you in advance, as we always do, the Memorial Day 2015 trading schedule.
U.S. Market Memorial Day 2015 trading schedule
All U.S. markets, including equity (stocks), option and fixed income (bonds, debt instruments) will be closed in observation of the national Memorial Day holiday, May 25, 2015. Additionally, no pre- or after-market trading will take place.
BONDS: Bond trading will be further adjusted. Bond trading will close early this week, at 2 p.m. EDT on Friday, May 22, 2015. Should you place orders for fixed income investments (bonds and related) after 2 p.m., they’ll be entered to trade on the next business day, which is Tuesday, May 26, 2015.
CANADIAN MARKETS: Canadian markets are open on Monday, May 25, 2015 (Memorial Day in the U.S.) But should U.S. traders place any Canadian equity orders after U.S. equity markets close at 4 p.m. EDT on Friday, May 22, 2015, such orders will route to Canadian exchanges on Tuesday, May 26, 2015.
For more specific details that may pertain to your account or your specific brokerage firm, be sure to check with your broker.Click here for reuse options!
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