ES hours in EST

Discussion in 'Index Futures' started by derek261, Feb 18, 2009.

  1. derek261


    I'm trying to understand e-mini S&P trading hours in EST.

    OK, regular DAY hours would be 9:30 AM to 4:15 PM (CLOSED)

    then, reopens @ 4:30 PM, but closes again @ 5:30 PM, then reopens @ 6:00 PM [then closes @ 4:15 PM next day].

    I do not plan holding "overnight" positions. I will close my positions before 4:15 PM. Now, if these hours are correct, would it be in my best interest to place "new" trades after 6:00 PM and avoid the 4:30 PM to 5:30 PM hour altogether? thx

    Also, is placing a trade between 4:30 PM and 5:30 PM, and holding till +6:00 PM, considered holding overnight in terms of margin? thx
  2. Fishaman


    My understanding is that if you get out of the ES futures contracts at 4:14 pm, you can get back in at 4:31 pm and you are not considered to have the position "overnight."
  3. derek261


    thx, much appreciated Fishaman
  4. Depends on your futures broker. Many futures brokers consider any ES position opened after 16:15 and before 09:30 EST to be overnight and require overnight margin.
  5. Fishaman



    I guess the safest thing to do would be to shoot your futures broker a phone call or email and ask him these questions.