Pending a key systems test over the weekend, U.S. equity markets are scheduled to come back online Monday morning.

The current plan will be for both the New York Stock Exchange and Nasdaq to stage a full trading day. There will be a pre-market session, but no extended hours trading.
Market shorting will also be allowed.

There had been some suggestion that shorting not be permitted to allow for an orderly opening from fears of an aggressive selloff. But the regulators have decided that it is important to stage a full session.

With the equity market coming back on stream, the Bond Market Association is recommending a 14:00 ET market close on September 17 for trading in all U.S. bond markets, including the markets for U.S. Treasury, federal agency, mortgage- and asset- backed, investment-grade corporate, municipal securities, money market instruments and the repurchase agreement markets.

In addition, in order to give market participants sufficient opportunity to reconcile all outstanding transactions, the Association recommends that secondary market cash transactions in Treasury and federal agency securities, except discount notes, that occur on September 17 settle on a T+5 basis.

This recommendation does not apply to securities sold at the Treasury Department’s bill auctions scheduled for Monday. It is not making any particular recommendation regarding settlement dates for repurchase and reverse purchase transactions or transactions involving corporate bonds or municipal securities.

The Association’s recommendations for early market closes and settlement dates are recommendations only. It says, market participants should decide for themselves whether, and to what extent, their fixed income sales and trading departments will remain open for trading and the specific settlement dates for transactions.