WASHINGTON – I’m told that a lot of Americans, particularly those under 40, know don’t know what Veterans Day is all about. CDN travel, trivia and commentary writer Bob Taylor recently observes that some Americans confuse Veterans Day with Memorial Day. Check out Bob’s article to discover the history behind Veterans Day. (Even more here.) But if you’re an investor, remember that US stock markets are open Monday for America’s Veterans Day holiday. But also note that Monday, November 11, 2019, Veterans Day is not a settlement day for trades. Consequently, that includes buy or sell orders that you or I may execute today.
So, in our usual public service to investors, here are the trading and settlement rules for this year’s Veterans Day holiday celebration. And for our Canadian readers, please check out the note after our chart, as Monday works a little differently for your markets.
Veteran’s Day Trading and Settlement Schedule for US markets
Monday, November 11, 2019
The Federal government, Federally chartered banks and many businesses close today in observance of the Veteran’s Day holiday. But US equity, options, and futures markets will be open. With one slight change. Monday is a non-settlement day, meaning that if you need the cash proceeds from a trade, or are looking to make a purchase with settled cash from a very recent trade, settlement will effectively take an extra day if your transaction occurs today, Friday, November 8 or on Monday, November 11.
Also note: While equities markets remain open Monday, fixed income and bond markets will be closed.
Veterans Day related equity orders settle as follows:
|Trade Date||Settlement Date|
|Thursday, November 7, 2019||Tuesday, November 12, 2019|
|Friday, November 8, 2019||Wednesday, November 13, 2019|
Options and Futures orders settle as follows:
|Trade Date||Settlement Date|
|Friday, November 8, 2019||Tuesday, November 12, 2019|
All Canadian markets are open Monday as usual. But, as in the US, Monday, November 11, 2019 is also a non-settlement day in observance of Canada’s Remembrance Day.
Generally, most international markets will trade normally on Monday. But US customers trading on international exchanges should check with their brokerage firm on the trading rules for given international exchanges.
We hope all our readers enjoy the upcoming long weekend and their Veterans Day holiday. But please join with all of us in a moment of remembrance. Let’s honor the thousands of men and women in America’s armed forces who sacrificed their lives for our freedom. And those members of the military who even today put their lives on the line for us all.
— Headline image: The Assistant Commandant of the Marine Corps, Gen. John M. Paxton, Jr.,
greets veterans on an Honor Flight from St. Louis, MO at the Marine Corps War Memorial in Arlington, VA, Nov. 12, 2013.
(U.S. Marine Corps photo by Cpl. Tia Dufour/Released. US government photo, public domain.)