New Closing Emini Futures

By Chris on 2013-04-11 in E-mini Trading (0) Comments

Something interesting that took me by surprise was the equity index new close of 4:15 PM CST. This took place on November 18 2012. This change will effect electronically traded equity index futures and options though the settlement time itself will remain unchanged.

Same Futures Daily Halt

The small hiccup for these equity index contracts within the CME Globex will continue trading at 3:30 PM CST after the 15-minute halt closing at 4:15 PM CST. This is what effects me only in my typical trading day and so Im going to paste the entire email I received below for you to look over. Make sure other areas will not affect you.

Emini Futures Closing Details

Email:
Equity Index Later Close for CME Globex Trading Day, Daily Price Limits:

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.

--------------------------------------------------------------------------------

 

New Trading Hours for CME Group Equity Index Products Summary - Starting Today |
November 18, 2012

 

15-minute Trading Halt on CME Globex - 3:15 p.m. - 3:30 p.m.

Trading on CME Globex resumes for SAME TRADE DATE - 3:30 p.m. - 4:15 p.m.

Close of CME Globex trading for trade date - 4:15 p.m. - 5:00 p.m.

Market Re-Opens and Trades until the next days 15-minute Trading Halt at 3:15 p.m.

----------------------------

 

What this means for required inital margin times?

The new time for customers to meet exchange initial margin for CME Group Equity
Index Products is 4:15 p.m CST.

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