Why We Track Every Public Appearance by the Fed Chair — And Why It Matters

As Federal Reserve Chair Jerome Powell prepares to speak at the upcoming Jackson Hole Symposium on Friday, August 22, 2025, at 10:00 AM, bond traders are bracing for a pivotal moment that could shape monetary policy expectations for the remainder of the year. 

This appearance follows a hotter-than-expected inflation report on 
Tuesday, August 12, 2025 – Announcement Day

Now, all eyes turn to Powell’s speech, which could either reassure markets that the Fed remains on track to ease policy—or signal a more cautious stance, potentially delaying rate cuts well into 2026. Either outcome could result in sharp moves across rates markets, making this a high-stakes event for fixed income professionals

💡Why This Appearance Matters 

The Jackson Hole Symposium has a long history of producing major policy signals. Powell’s remarks will be closely scrutinized for any hints on how the Fed is weighing persistent inflation pressure against the broader economic outlook. For many market participants, this may be the most important communication from the Fed between now and the next FOMC meeting on September 17, 2025, followed by Powell’s 2:30 PM press conference the same day. 

Stay Ahead with Swaps Monitor 

At Swaps Monitor, we track all Federal Reserve Board – Chair’s Public Appearances so our customers can stay ahead of key market-moving events. In fast-moving environments like this one, timing is everything—and knowing when Powell will speak can make the difference between leading the market and chasing it

Upcoming Key Appearances: 

🔹Jackson Hole SymposiumFri, August 22, 2025 at 10:00 AM 

🔹FOMC Press ConferenceWed, September 17, 2025 at 2:30 PM 

As the Fed’s path remains uncertain, so does the direction of interest rates. But with timely updates and accurate scheduling of official appearances, Swaps Monitor helps you stay positioned to respond—not react

In Addition… 

We also track inflation reports and key economic events, such as U.S. Bureau of Labor Statistics Consumer Price Index (CPI) announcement days. 

To download our full list of 500+ economic events across 44 countries, visit:
🔗https://swapsmonitor.com/product/economic-events/

For more information, please contact us at: 
📧 info@swapsmonitor.com

MSCI Reconstitution: Why Missing the Dates Isn’t an Option 

The August 2025 MSCI reconstitution is fast approaching — and for investors, traders, and institutions, timing is everything. 

Market participants are watching closely for potential inclusions and exclusions, as these moves can trigger significant momentum in the affected stocks. 

🔍 What is Index Reconstitution? 
Index reconstitution is the process of reviewing and updating an index’s list of securities — adding those that meet inclusion criteria and removing those that no longer qualify. For MSCI, these changes can shift billions in capital and reshape market momentum overnight. 

🗓️ Key Date: 
Tuesday, August 26, 2025 – MSCI Reconstitution changes take effect.

These aren’t just dates on a calendar — they are strategic moments when capital flows shift and market opportunities emerge. 

At Swaps Monitor, we ensure you’re always aware of MSCI reconstitution schedules so you can act proactively rather than react too late. 

For more information about our Economic Events product and to download our coverage, please visit: 

👉 Economic Events – Track release dates and times

📫 Contact us at: info@swapsmonitor.com

📌 Feature Highlight: Accurate Currency Holiday Tracking

One of the core challenges in FX trading is knowing exactly when a currency is on holiday — and it’s not always as simple as checking a public calendar. 

💡 That’s where we come in. 

Swaps Monitor provides precise, market-recognized currency holiday data, helping FX traders, operations teams, and systems avoid costly errors due to misinterpreted holidays. 

Take the Australian Dollar (AUD) for example: 

🔹 The AUD market is only considered closed when Sydney banks are closed

🔹 Holidays in other Australian states (like Victoria or Queensland) do not impact AUD FX settlement. 

🔹 For instance, August 13, 2025 is a holiday in some parts of Australia — but not an AUD currency holiday, as Sydney banks remain open. 

With Swaps Monitor, you get: 

🔹 Trusted, up-to-date holiday data for all tradable currencies 

🔹 Clarity on when each currency market is open or closed 

🔹 Reduced risk of trade failures and incorrect value dates 

Whether you’re pricing swaps, scheduling settlements, or running post-trade processes, Swaps Monitor ensures you always know the correct market status — no guesswork, no assumptions. 

In FX, certainty matters. Swaps Monitor delivers it. 

For more information, feel free to contact us at info@swapsmonitor.com

What Counts as a Business Day? Why It Truly Matters 

In a world driven by real-time market data and complex algorithmic infrastructure, one of the most overlooked — yet critical — aspects of global financial markets is the definition of business days for derivatives

From interest rate swaps to cross-currency trades, regulatory frameworks like Dodd-Frank, EMIR, and MiFID II impose strict requirements around reporting deadlines, valuation cycles, and settlement conventions

But here’s the challenge: 
What happens when a U.S. swap is booked on a day that’s a holiday in Tokyo, but a regular business day in New York? Or vice versa? 

🔍 That’s where Swaps Monitor steps in. 

For decades, we have provided accurate, reliable, and manually verified holiday and market closure calendars, trusted by: 

✔ Global swap dealers 
✔ Compliance and reporting teams 
✔ Legal departments drafting ISDA agreements 
✔ Back-office systems vendors and central counterparties (CCPs) 

Our flagship product — the Holiday Calendar — offers clear, authoritative guidance on when markets are open and which days count for valuation and clearing

As cross-border derivatives grow in complexity, the demand for precision in calendar data increases exponentially. Many firms continue to rely on Swaps Monitor alongside industry giants — not because of size, but because of our unmatched clarity and reliability

📌 In today’s regulatory environment, it’s not just about speed — it’s about knowing exactly when the clock starts ticking

For more information, feel free to contact us at info@swapsmonitor.com

Making the Complex Simple — So You Don’t Have To 

Anyone can find out when the next bank holiday is in New York. 
That’s easy — it takes a quick Google search. 

But what about knowing if banks in Hong Kong are closed because of a Black Rainstorm Warning? 
Or if financial markets in Iran are shut on August 6, 2025, to conserve electricity? 
Or confirming that Prayer Day in Liberia (July 30), heavy rainfall in Metro Manila (July 22), or Election Day in Togo (July 17) will disrupt banking operations? 

That’s not so simple. 
That requires deep local knowledge, real-time monitoring, and a global network of experts. 

We have built a team of 50+ specialists from 26 nationalities, speaking over 32 languages, across 4 global offices on 3 continents — working 24/7 to track every market development across the world. 

Each team member undergoes extensive training over at least three months, gaining deep knowledge of global financial systems, markets, institutions, and cultures. From central banks and stock exchanges to clearinghouses, FX markets, and local holidays — we cover it all. 

The result? 

✅ Accurate, consistent, and real-time updates. 
✅ Actionable intelligence from around the world. 
✅ Simplicity for our clients — no matter how complex the situation is behind the scenes. 

We make the complex simple. So you can make decisions with confidence. 

Navigating FX Value Dates and Holidays: Why Swaps Monitor Is the Go-To Resource 

If you’ve ever traded FX, you know the devil is in the details — especially when it comes to value dates and holidays. Understanding when your trade actually settles can make all the difference between smooth execution and unexpected headaches. 

From our experience, one of the trickiest parts is calculating spot dates accurately. Spot trades usually settle two valid FX settlement days after the trade date (T+2), but with exceptions — some pairs settle faster (T+1), and when USD is involved as an intermediate currency, the settlement rules get even more complex. 

Here’s the catch: what counts as a valid settlement day isn’t always obvious. It depends on the holidays for both currencies involved, and sometimes even a third one if USD is the “bridge.” Missing just one holiday can throw off your entire schedule. 

That’s why you can rely heavily on Swaps Monitor

We are not just another calendar provider. We deliver precise, up-to-date currency holiday calendars and value date data tailored for every major and minor currency out there. This isn’t just helpful — it’s essential for anyone dealing with FX spot, forwards, swaps, or more exotic tenors. 

Swaps Monitor data incorporates all the nuances — local currency holidays, special business day conventions like Modified Following or End of Month adjustments, and even those tricky cases where USD acts as the intermediate currency. With Swaps Monitor, you never have to second-guess whether a date is valid or not. 

Whether you’re rolling a position, setting up a forward contract, or managing risk, getting the value date right is critical. At Swaps Monitor, we take the stress out of that process. You can use our data to run your own calculations — or let our API handle them for you.

Feel free to contact us at info@swapsmonitor.com for more info on FX value dates, holidays, and how to streamline your FX trade and currency settlements. 

🚀 Helping You Anticipate the Future — Our True Purpose 

At first glance, our official purpose—“helping you anticipate the future”—might sound like corporate jargon or just another visionary tagline. But behind that phrase lies something far more tangible and practical. 

At Swaps Monitor, we provide financial institutions with the most accurate, consistent, and reliable historical, current, and forward-looking holidays, trading hours, expiry dates, and other events. We take the heavy lifting out of researching, cleaning, organizing, and labelling this data—so you can focus on running your business.

So yes, we have two purposes: 
🔮 A visionary one — anticipating the future. 
🛠️ A practical one — delivering unmatched data quality and efficiency. 

And here’s the key: these two aren’t at odds. They complement each other. The lofty goal of anticipating what’s next becomes possible because of our deep commitment to data integrity and making the complex simple. 

That’s what drives us every day — and that’s how we help our clients stay ahead. 

New Coverage Announcement: Nextrade, Korea’s First Alternative Trading Platform 

We are pleased to announce that we are now publishing trading hours data for Nextrade, Korea’s first alternative trading platform and the country’s second official stock trading venue, operating alongside the Korea Exchange (KRX). 

New Coverage Details: 
🔹 Nextrade (Cash Equities – Regular Market)Market Code: NXTA 
🔹 Nextrade (Cash Equities – Closing Price Trading Market)Market Code: NXTB 
🔹 Nextrade (Cash Equities – Block Trading Market)Market Code: NXTC 

Established under the Financial Investment Services and Capital Markets Act, Nextrade enables investors to trade the same equities listed on the KRX—often at more favorable terms—supporting a more competitive and efficient trading environment in South Korea. 

By incorporating Nextrade data into our products, we continue to expand our global market coverage. Our aim is to research, clean, organize, and label time- and date-related data accurately and reliably in real time—for financial institutions—so they don’t have to manage these complex and time-consuming tasks themselves. 

This allows our clients to focus on what they do best: making informed decisions and delivering results. 

This new coverage further demonstrates our commitment to providing high-quality, comprehensive data solutions that support smarter trading and investment strategies across global markets. 

For more information about our data coverage or to learn how we can support you, please contact us at info@swapsmonitor.com

New Coverage Announcement: Coinbase Derivatives 

We are thrilled to announce the addition of comprehensive trading hours for Coinbase Derivatives, empowering you to anticipate, monitor, and respond seamlessly to the open and close times of every trading session. 

New Coverage Details: 
🔹 Bitcoin Futures (24×7) — Market Code: COLA 
🔹 Ether Futures (24×7) — Market Code: COLB 
🔹 Nano Bitcoin Futures (24×7) — Market Code: COLC 
🔹 Nano Ether Futures (24×7) — Market Code: COLD 

This enhancement enables our clients to react in real-time to price fluctuations and seize continuous trading opportunities for BTC and ETH futures around the clock. 

Beyond this, our extensive coverage includes historic and projected trading hours for over 2,900 markets across 107 countries, delivering unparalleled scope and insight. 

Our Trading Hours product is fully customizable to fit your unique requirements. Like all Swaps Monitor products, it’s built on the best possible data and includes immediate updates and unlimited customer support from in-house experts. 

Discover the full breadth of our coverage and learn more here: 
https://swapsmonitor.com/product/trading-hours/ 

Swaps Monitor will be a Principal Sponsor of TradeTech 2026

We’re proud to announce that Swaps Monitor will be a Principal Sponsor of TradeTech 2026 – the premier equity trading event in Europe.

📍 Amsterdam
🗓️ April 21–23, 2026

TradeTech brings together top buy-side, sell-side, and trading technology leaders to shape the future of equity markets. From innovative execution strategies to cutting-edge data and analytics, it’s where the global trading community connects, collaborates, and leads.

We’re thrilled to support this world-class event and look forward to engaging with industry peers, sharing insights, and driving the conversation on market evolution.

See you in Amsterdam!

For more information about TradeTech, please visit https://tradetecheu.wbresearch.com/sponsors