WASHINGTON, July 1, 2016 – The Maven has returned to Washington after a weeklong holiday of virtually zero connectivity in Ohio’s Amish Country. Ohio’s connectivity is spotty in many places at best, with long latency times making it tough to stay abreast of things. So we’ll catch up on matters today while readying for an in-place Independence Day holiday weekend that will find U.S. markets closed on Monday, the Fourth of July.
For stock and bond traders, here are the details:
U.S. Bond Markets:
U.S. bond markets will close early today at 2 p.m. EDT, Friday, July 1, 2016. Bond orders entered at most if not all U.S. brokerage firms after 2 p.m. today, will be entered as of the next official business day, July 5, 2016.
U.S. Stock Markets:
Trading will occur as per usual today, Friday, July 1, 2016, including pre- and after-market trading hours. However, on Monday, July 4, 2016, all U.S. equity, option and bond markets (as per the above) will be closed for the Independence Holiday, including pre- and after-market trading. Remember that for regular-way settlement of trades, July 4 will not count as a business day, effectively meaning that trades settled regular-way will take an “extra” business day to settle.
Canadian Stock and Bond Markets:
Canada doesn’t celebrate July 4 as a holiday. But they do celebrate their own Canada Day Holiday today, July 1, 2016. All Canadian markets are closed today in observance of the holiday. Orders for Canadian securities placed today will route to U.S. exchanges, assuming that such securities do trade on American exchanges. If no market for a given Canadian security is available today, day orders will be canceled at the end of the day
If in doubt concerning any of the above information, be sure to check with your broker today during normal business hours, as some rules and customs may vary from brokerage to brokerage.
Meanwhile, here’s wishing a happy Canada Day to our Canadian friends, and a happy (and non-volatile) Independence Day for our U.S. readers.Click here for reuse options!
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