Washington, D.C., December 30, 2024 – SIFMA joins the nation in expressing its condolences on the passing of former President Jimmy Carter. We recognize and appreciate President Carter’s service to his country and his efforts to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development, which culminated in his being awarded the 2002 Nobel Peace Prize.
SIFMA today recommended an early market close at 2:00 pm EST on January 9, 2025, for all fixed-income cash markets in recognition of the National Day of Mourning in honor of the 39th President of the United States. This is in keeping with SIFMA’s policy on unscheduled changes in trading hours.
This recommendation applies to trading of U.S. dollar-denominated government securities, mortgage- and asset-backed securities, over-the-counter investment-grade and high-yield corporate bonds, municipal bonds and secondary money market trading in bankers’ acceptances, commercial paper and Yankee and Euro certificates of deposit.
SIFMA’s recommended early and full market closes are recommendations only; each member firm should decide for itself whether its fixed income departments remain open for trading. All SIFMA recommendations are subject to change due to market conditions.
SIFMA is the leading trade association for broker-dealers, investment banks and asset managers operating in the U.S. and global capital markets. On behalf of our industry’s one million employees, we advocate on legislation, regulation and business policy affecting retail and institutional investors, equity and fixed income markets and related products and services. We serve as an industry coordinating body to promote fair and orderly markets, informed regulatory compliance, and efficient market operations and resiliency. We also provide a forum for industry policy and professional development. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA).
Honoring Decades of Service
Before 2025 begins, we want to take a moment to recognize and celebrate the careers of several outstanding professionals. After decades of hard work and dedication, they are leaving our industry not only to pursue other interests but also having left it stronger than when they started. It is both fitting and meaningful to honor their achievements as they embark on this next chapter.
Over the decades, these individuals have witnessed and embraced profound changes in our industry. They have adapted to challenges, guided clients, and mentored colleagues with wisdom and grace. Their experience and expertise have been invaluable, leaving a lasting impression on their peers and the countless clients who placed their trust in them. They competed fiercely and fairly, demonstrating professionalism in both victory and defeat.
Beyond their professional accomplishments, they have exemplified a commitment to giving back. They shared their knowledge, mentored the next generation, and actively worked to make the financial services industry stronger and more resilient. Their efforts to uplift others are a significant part of their legacy, leaving the industry better than they found it.
As they turn the page to this exciting new chapter, we want to express our deepest gratitude for the indelible mark they’ve made. They have enriched the financial services industry and inspired all of us who have had the privilege of working alongside them. While their daily presence will be missed, their influence will continue to resonate for years to come.
On behalf of the STA organization and a grateful industry, we wish you success, joy, and happiness in the days ahead. May this next chapter bring fulfillment, opportunities to pursue long-held passions, and cherished memories with loved ones.
Godspeed.
Dedicated to:
Ted Bilharz, Cboe
Mark Campbell, Fidelity
Whit Conary, Kezar Markets
Paul Jiganti, IMC Trading
Andy McLeod, Morgan Stanley
Dan Royal, Janus Henderson
Michael Thompson, William Blair Asset