Is Veterans Day a market holiday? No, the stock market is open for regular trading hours on Veterans Day (Monday, November 11, 2024). However, it is a federal bank holiday, which affects settlement timelines.

How does Veterans Day affect trade settlements? While you can trade normally on Veterans Day, it is not considered a settlement day because banks are closed. Since moving to T+1 settlement in May 2024, most trades settle the next business day, but bank holidays affect this timeline:

Example 1 - Selling stocks and withdrawing:

• If you sell stocks on Friday, November 8, your proceeds usually would settle on Monday, November 11, but due to Veterans Day being a bank holiday, settlement moves to Tuesday, November 12 
• Funds become available for withdrawal on Tuesday, November 12, even though you can trade on Monday

Example 2 - New deposits:

• If you deposit funds on Friday, November 8, the 5-business-day deposit hold period starts counting from the next business day (Tuesday the 12th)
• Veterans Day (Monday) does not count as a business day for settlement purposes
• Funds deposited on Friday would become available for withdrawal on Tuesday, November 19

Key Points to Remember:

• You can trade normally on Veterans Day
• While markets are open, banks are closed, so no settlements occur
• Veterans Day delays settlement processes by one business day
• The holiday does not count toward the 5-business-day deposit hold period
• Regular settlement processing resumes on Tuesday, November 12