WASHINGTON, April 11, 2017 – For this country’s sadly dwindling number of practicing Christians, this is Holy Week, the most solemn religious week of the year. It’s a time of prayer and reflection that concludes with the traditional Easter Triduum: Good Friday, Holy Saturday and Easter Sunday.
In perhaps Wall Street’s oddest traditional observation, aside from Federal holidays, the nation’s rapacious robber barons, captains of industry and everyday traders just trying to make a buck have long refrained from buying and selling on Good Friday, feeling, perhaps, a little guilty at least on the one day on the Christian and secular calendars that calls for at least a bit of reflection on one’s life, conduct and familial and societal responsibilities.
We suspect these days that for most stock and bond market professionals and traders, Good Friday is just another holiday break from the Street’s endless buying and selling; which, practically speaking, it is. But in a world that seems perpetually on the brink, maybe Good Friday 2017 offers an excellent opportunity for us all to assess the moral aspects of who we are, what we’re doing with our lives and what our country is doing for us.
In the meantime, one practical concern remains: What’s up with trading and settlement hours late this week?
Good Friday 2017 trading schedule:
Thursday, April 13, 2017: U.S. bond markets will close early at 2 p.m. ET, and will not reopen until the following Monday.
Friday, April 14, 2017: U.S. equity and option markets will be closed in observance of Good Friday. No Pre-market or After-hours trading sessions will take place. Note that offices of many brokerage firms may be open Friday, but that no trades may be placed. U.S. bond markets will be closed all day.
Canadian markets will also be closed in observance of Good Friday. Canadian equity orders placed after the close of the U.S. Market on Thursday, April 13, 2017, will route to the Canadian exchanges on Monday, April 17, 2017.
Settlement days for stock and bond trades will be adjusted accordingly to make allowances for the Good Friday holiday. For specific details, office hours and other issues including settlements at your individual brokerage houses, contact your broker prior to Friday.