Stock Exchanges Open on Columbus Day While U.S. Bond Market Closes
What happened
On October 12, 2026, the New York Stock Exchange and Nasdaq operated on their regular schedule, running from 9:30 a.m. to 4 p.m. Eastern time, despite it being Columbus Day. However, the U.S. bond market was closed in observance of the holiday. This closure followed a recommendation from the Securities Industry and Financial Markets Association.
From ibtimes.com.au
Why it matters
The stock exchanges remain open while the bond market shuts down because the bond market relies heavily on banks and the Federal Reserve for trading and settlement. The Securities Industry and Financial Markets Association sets the trading schedules for fixed-income markets used by the New York Stock Exchange.
From ibtimes.com.au
Who's involved
- New York Stock ExchangeOperates on its regular schedule during the holiday.
- NasdaqOperates on its regular schedule during the holiday.
- Securities Industry and Financial Markets AssociationSets trading schedules for fixed-income markets.
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The entities involved
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New York Stock Exchange
American stock exchange
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Nasdaq
American fully electronic stock exchange
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Securities Industry and Financial Markets Association
United States industry trade group
Nothing else this week.
Related events
- Both the New York Stock Exchange and Nasdaq are following holiday operational rules, leading to market closures.
- The SEC approved an exemption for tokenized NMS stocks, which trade on exchanges like Nasdaq in New York.
- Morgan Stanley was involved in market activity on the electronic stock exchange, with filings received regarding this activity.