WASHINGTON, November 23, 2016 – Since there will be little sensible action that investors—particularly long term investors—will want to take during the remainder of Thanksgiving Week, the next best thing we can do for you in today’s column is give you the general lowdown on how trading will work over the next few days. Here goes:
Thursday, November 24, 2016 (Thanksgiving Day): All U.S. markets (including equity, option, and fixed income) will be closed in observance of the Thanksgiving Day Federal holiday. (Ditto all Federally chartered banks.) No pre-market or after hours trading will take place, either.
Friday, November 25, 2016: Pre-market Trading session will open at the usual time. Pre-market hours: 8 a.m.-9:25 a.m. EST. However, U.S. equity, option, and listed corporate bond markets will close early at 1 pm EST, while all other fixed income markets will close at 2 p.m. EST. Given Friday’s early trading closure, after hours trading will take place from 1:15 p.m. – 5 p.m EST.
U.S. SETTLEMENT DATES for the THANKSGIVING HOLIDAY PERIOD:
|Trade Date||Settlement Date|
|Monday, November 21, 2016||Friday, November 25, 2016|
|Tuesday, November 22, 2016||Monday, November 28, 2016|
|Wednesday, November 23, 2016||Tuesday, November 29, 2016|
Thursday, November 24, 2016: Canadian markets will trade as usual. But new orders or change orders placed after the close of the U.S. markets on Wednesday, November 23, 2016 will be routed to Canadian exchanges on Friday, November 25, 2016.
Friday, November 25, 2016: Canadian markets will trade as usual. But new orders or change orders placed after the early closure of U.S. markets on Friday, November 25, 2016 (see above) will route to Canadian exchanges on Monday, November 28, 2016.
Note: Rules at various brokerage houses may vary. If you have any questions concerning trade or settlement date, be sure to contact your broker for details.