November 19, 2012

Trading day changing for CME Group equity index products

How is the trading day changing for CME Group equity index products on November 19, 2012?

This applies only to the E-Mini ES, NQ, YM.  The Russell (TF) does NOT change because it does not trade on the same exchange as those listed prior.

Currently the markets close at 4:15pm EST for the CME Globex, and they re-open 15-minutes later at 4:30pm EST.

The new changes will push back the close and re-open by 1-hour.  

As of November 19th 2012 the new close of the CME Globex for equity index products will be 5:15pm EST and the re-open is now 45-Minutes later at 6:00pm EST.

The trading day begins on Sunday evening at 6:00pm EST and trades all the through to Friday evening at 5:15pm EST.

Please be aware the trading floor hours will NOT be affected by this change.  They will remain opening at 9:30am EST and closing at 4:15pm EST Monday through Friday.

Please remember the RUSSEL FUTURES are not affected by this.  Remember to use the Session Template called ‘IPE EUROPE FUTURES‘  This will ensure your charts start and stop times will be correct for the TF, which trades on the ICE Exchange, not the CME.

Why is the trading day for equity index futures and options changing, and how are daily equity
price limits involved?
On May 31, 2012, the Securities Exchange Commission (“SEC”) issued an order to establish a oneyear
pilot program (effective February 4, 2013) to implement equity market rule changes to limit the
impact of exceptional equity market price volatility.
The SEC’s rule changes require that equity index price limits be calculated on a daily basis rather than on a quarterly basis. The SEC indicated that the change to calculating circuit breaker levels daily would improve the calibration and sensitivity of U.S. equity market circuit breakers.

Consequently, for equity index futures and options traded at CME Group exchanges, we are changing the trading hours to coincide with a change in the Equity Index futures price index limits (a
modification to the Reference price used in price limit calculations – refer to Question 9). The change in trading hours allows the requisite time for both CBOT and CME to update internal daily
price limits as well as for member firms to update their internal price limits, for the next trading day.

(The calculation and implementation of daily price limits on U.S. equity index contracts was
postponed to February 4, 2013.)

For more detailed information on how to adjust your Ninja Trader Charts for this time change refer to this page on the Ninja Trader Website.

For more detailed information from the CME-Globex please refer to this page located on the CME-Group Website.

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