ISDA has joined Managed Funds Association, the US Chamber of Commerce, the Securities Industry and Financial Markets Association, the American Bankers Association, the American Cotton Shippers Association, the Bank Policy Institute, Cboe Global Markets, Inc., CME Group, Commodity Markets Council, FIA, the Financial Services Forum, the Institute of International Finance, the Investment Company Institute, Nasdaq, the Alternative Investment Management Association and the World Federation of Exchanges in issuing the following statement on the importance of keeping US financial markets open.
“The US financial markets are critical infrastructure to our nation, and they continue to function as designed despite the volatility caused by the coronavirus. Keeping all US financial markets open is essential to the well-being of the general economy and vital to maintaining and bolstering investor confidence, particularly once the economy recovers from effects of this pandemic.”
The associations also submitted a joint letter to US authorities emphasizing this point. Click on the PDF below to read that letter.
Developments, including information on market closures, regulatory relief and
electronic execution, can be found on the ISDA website. Please email Covid19.MemberContact@isda.org if you have any questions.