Trading Hours

[Ehem Ehem]

Hi All,

I would like to know about trading hours for Spot Indices and Futures Indices, is there any discrepancy of those product trading hours?

Thank you.

[William Roeder]

1. Chart times are broker times.
   • FX opens 5pm Eastern Time (NY) Sunday and ends 5pm NY Friday. Some brokers start after (6pm is common/end before (up to 15 minutes) due to low volatility.
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     Swap is computed 5pm ET. No swap if no open orders at that time.

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   • Brokers use a variety of timezones. Their local time (with or without DST,) GMT/UTC, GMT+2, NY+7.

     Only with NY+7 does the broker's 00:00 equals 5pm ET and the start of a daily bar (and H4) is the start of a new FX day.

     GMT brokers, means there is a 1 or 2 hour D1/H4 bar on Sunday (depending on NY DST,) and a short Friday bar.

     GMT+2 is close but doesn't adjust for NY DST.

     EET is closer except when their DST doesn't match NY's. Last Sunday of March and 1:00 on the last Sunday of October vs second Sunday in March and return at 2:00 a.m. EDT to 1:00 a.m. EST on the first Sunday in November.

   • Non-NY+7, means the chart daily bar overlaps the start, and converting broker time to NY time requires broker to GMT to NY timezone conversions.

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   • If you search the web you will find differing answers. Those are all wrong (half the year) because they do not take DST into account (or that it changed in 2007 [important when testing history.])

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   • Then there are H4 candles that start on odd hours.
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2. No idea about Futures — do your own research.