A group of financial market trade associations have issued a statement highlighting the importance of keeping US markets open. There have been suggestions in some quarters that the authorities may seek to curb the excess volatility of recent weeks by curtailing trading hours or even closing markets.
The associations are; the Managed Funds Association, US Chamber of Commerce, Securities Industry and Financial Markets Association, American Cotton Shippers Association, Commodity Markets Council, International Swaps and Derivatives Association and the Investment Company Institute.
“The US financial markets are critical infrastructure to our nation, and they continue to function as designed despite the volatility caused by the coronavirus,” the statement says. “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.”