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New CME Equity Index Hours as of November 18th 2012
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New CME Equity Index Hours as of November 18th 2012

  #1 (permalink)
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New CME Equity Index Hours as of November 18th 2012

Starting November 18, CME Globex Trading Day for Equity Index Products to End at 4:15 p.m. CT

Change to CME Globex trading hours will coordinate with switch to daily price limits for U.S. Equity Index Products
Settlement time will remain unchanged (3:15 p.m. CT)

Effective Sunday, November 18 (for first trade date Monday, November 19), the end of the CME Globex trading day for electronically traded equity index futures and options contracts will change from 3:15 p.m. CT to 4:15 p.m. CT. Settlement times will remain unchanged.

Under the revised hours:

∑ There will be a 15-minute halt in electronic trading from 3:15 p.m.to 3:30 p.m. CT.

∑ Trading for equity index contracts listed on CME Globex will resume at 3:30 p.m. CT for the same trade date for 45 minutes, closing at 4:15 p.m. CT. This includes Fridays, meaning that the end of trading week on CME Globex will also be changed to 4:15 p.m. CT.

∑ CME Globex trades that take place during the 3:30 p.m. - 4:15 p.m. time frame will be subject to the daily settlement prices calculated at 3:15 p.m. CT (i.e., settlement times will not change).

∑ Trading of equity index contracts on CME Globex will be closed from 4:15 p.m. - 5:00 p.m. CT.

∑ Trading re-opens at 5:00 p.m. on CME Globex (Sundays-Thursdays) for the new trade date.

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http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv12-423.pdf

http://www.cmegroup.com/education/files/faq-eq-hours-and-limits.pdf

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New CME Equity Index Hours as of November 18th 2012-chadv12-423.pdf   New CME Equity Index Hours as of November 18th 2012-faq-eq-hours-limits.pdf  
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  #2 (permalink)
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  #3 (permalink)
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Big Mike View Post
Starting November 18, CME Globex Trading Day for Equity Index Products to End at 4:15 p.m. CT

Thanks @Big Mike, good information.

I wonder if platforms like NT would jump in for a quick software upgrade to modify the market sessions for CME products, before this change is implemented.

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  #4 (permalink)
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great!

if I understand that right, then we'll have the same mess like with tf: 3 sessions.

1. session from 06:00 pm - 09:30 am next day
2. session from 09:30 am - 04:15 pm same day
3. session from 04:30 pm - 05:15 pm same day

this is all eastern time. sorry for not using local time.

really good news for mp users, now you can have 3 profiles per day.
that short 45 min session is going to take some time to get used to it.

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Last edited by Silvester17; October 5th, 2012 at 11:24 AM. Reason: added chart
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  #5 (permalink)
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i wasn't aware of this. thanks for the heads up

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  #6 (permalink)
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Silvester17 View Post
great!

if I understand that right, then we'll have the same mess like with tf: 3 sessions.

1. session from 06:00 pm - 09:30 am next day
2. session from 09:30 am - 04:15 pm same day
3. session from 04:30 pm - 05:15 pm same day

this is all eastern time. sorry for not using local time.

really good news for mp users, now you can have 3 profiles per day.
that short 45 min session is going to take some time to get used to it.


So the 24h chart now it's going to have s start at 5:00 pm and an end at 4:15 next day, right?

That 3rd session of 45 min it's really awkward.
As if 2 sessions wouldn't be enough they add a 3rd one

Wouldn't be preferable to let the market close from 3:15 pm till 5:00 pm.

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  #7 (permalink)
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arnie View Post
So the 24h chart now it's going to have s start at 5:00 pm and an end at 4:15 next day, right?

that's how I understand it. for central time.


arnie View Post

That 3rd session of 45 min it's really awkward.
As if 2 sessions wouldn't be enough they add a 3rd one

Wouldn't be preferable to let the market close from 3:15 pm till 5:00 pm.

I don't like it either.

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  #8 (permalink)
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All time expressed in Eastern time (same as New York)

The daily shut down occurs between 17:30-18:00
Trading hours occurs between 18:00-16:15 and 16:30-17:30

The daily settlement is processed as before between 16:14:30 and 16:15:00

I suppose the close of the day will be the last price at 17:30.

I just need to check with my broker if i place an order say at 16:10 and close it at 17:10 i am still under the day session margin rules.

I did verify using a 24/7 session template:

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Last edited by trendisyourfriend; October 19th, 2012 at 10:14 AM.
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trendisyourfriend View Post
All time expressed in Eastern time (same as New York)

The daily shut down occurs between 17:30-18:00
Trading hours occurs between 18:00-16:15 and 16:30-17:30

The daily settlement is processed as before between 15:14:30 and 15:15:00

I suppose the close of the day will be the last price at 17:30.

I did verify using a 24/7 session template:

did they change again?

also settlement should be an hour later 16:15 (if you'r using eastern time)

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Silvester17 View Post
did they change again?

also settlement should be an hour later 16:15 (if you'r using eastern time)

You did not let me enough time to correct it. What do you mean by did they change again?

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