Considering these changes, closure time of the following exchanges or instruments will begin 15 minutes earlier from Monday to Thursday (now at 16.00 CT):
- CME Equity
- CBOT Equity
- COMEX
- NYMEX
At the same time settlement’s time will remain unchanged, at 15.15 CT.
The new schedule of CME Equity:
- The 15-minutes break will occur from 15.15 to 15.30 CT;
- Trading will restart at 15.30 CT for half an hour (30 minutes) – it is considered to be a continuation of the current session. Trading session will end at 16.00 CT including Friday. This means that from now on the closure time of CME Globex trading week will change – henceforth, closing will be at 16.00 CT;
- Orders passed between 15.30 and 16.00 CT, will be subjected to the daily settlement prices, calculated at 15.15 ( the settlement’s time does not change);
- Trading of instruments of CME Equity and CBOT Equity Index Futures and Options will be closed from 16.00 to 17.00 CT.
- Trading will restart at 17:00 (from Sunday to Thursday) – it is (Sunday) is the beginning of a new session.
The full schedule can be seen in the specifications of instruments on CME site >>
What does this mean for the overnight margin?
New time of entry of nightlife margin (initial margin) is effective for CME Equity, CBOT Equity, COMEX and NYMEX now at 16:00 CT. Keep this in mind calculating risks and WP (warranty provision) to not “grab” margin call.
