Standard Trading Hours vs. The closing process often involves a "settlement range" where trades are filtered to find a single, fair price.
Precise Futures Market Closing Hours and Settlement Times
Settlement Times To answer when does futures market close , one must distinguish between the official trading hours and the settlement process. The Impact of Time Zones on Global Closure Because futures are a global market, the answer to when does futures market close is not universal; it is relative to the geographic location of the contract.
Monthly Expiration and the "Final Trading Day" Perhaps the most complex aspect of when does futures market close relates to contract expiration. 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.
Precise Daily and Monthly Closing Hours for Futures Contracts
Financial: The closing time for a crude oil futures contract is treated with the same rigor as a Treasury bond futures contract, but the underlying assets dictate the volatility of the closing window. Every futures contract has a specific month of delivery, and the final trading day is usually distinct from the last day of the month.
More About When does futures market close
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