When is the official ES opening time?

Discussion in 'Index Futures' started by esemini, Oct 27, 2005.

  1. esemini


    When people talk in terms of the "opening price" are they referring to the 4:30pm Globex open or are they referring to the 9:30am open?

    Is one more generally accepted than the other?

    Thank you.
  2. Bsulli


    The official time is 4:30eastern for the ES however many traders use 9:30 opening so it matches up with the pit trading times of the big sp contract. It's a matter of a person styles mostily. Personally I trade gap opening and the only way to do that for my style of trading on the ES to to use the pit times. Gaps it where I make the majority of my money so I trade that way.

    It's been discussed several times at length before on ET so a search should get you more opinions.

    Not that ET members lack for opinions!