For instance, the gold futures contract might stop trading at 1:15 PM CT on the third Wednesday of the month, requiring traders to exit or roll their positions well before the calendar month ends. Electronic Platforms: Most modern closing procedures are automated, relying on algorithms to match supply and demand in the final seconds.
Electronic Auction Closing Mechanics and Timeframes
Major Exchanges: CME Group, ICE (Intercontinental Exchange), and Eurex all operate on Centralized Limit Order Book (CLOB) systems. The closing process often involves a "settlement range" where trades are filtered to find a single, fair price.
Standard Trading Hours vs. It is this specific window that determines the official price for the day, rather than the last matched trade at the open of the next session.
Electronic Auction Closing Mechanics and Timing
Exchange-Specific Closing Procedures The mechanics of how the market closes vary significantly depending on the exchange and the specific asset class being traded. Settlement Times To answer when does futures market close , one must distinguish between the official trading hours and the settlement process.
More About When does futures market close
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