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Independence Day, July 4th 2014 Futures Trading Holiday Hours for CME / Globex & ICE Exchanges

Posted on June 26, 2014November 8, 2017 by Ilan

Independence Day Holiday Schedule for CME / Globex and ICE Exchanges

All times listed as Central Time

Equity Products

Thursday, July 3

1215 CT / 1315 ET / 1715 UTC –Early close

1700 CT / 1800 ET / 2200 UTC –Regular open for trade date Monday, July 7*

Friday, July 4

1200 CT / 1300 ET / 1700 UTC – Early close (Day & GTD order elimination)

Sunday, July 6

1700 CT / 1800 ET / 2200 UTC –Regular open for trade date Monday, July 7

Interest Rate & FX Products

Thursday, July 3

1600 CT / 1700 ET / 2100 UTC – Regular close

1700 CT / 1800 ET / 2200 UTC – Regular open for trade date Monday, July 7*

Friday, July 4

1200 CT / 1300 ET / 1700 UTC – Early close (Day & GTD order elimination)

Sunday, July 6

1700 CT / 1800 ET / 2200 UTC –Regular open for trade date Monday, July 7

Energy, Metals & DME Products

Thursday, July 3

1615 CT / 1715 ET / 2115 UTC – Regular close

1700 CT / 1800 ET / 2200 UTC – Regular open for trade date Monday, July 7*

Friday, July 4

1200 CT / 1300 ET / 1700 UTC – Early close (Day & GTD order elimination)

Sunday, July 6

1700 CT / 1800 ET / 2200 UTC –Regular open for trade date Monday, July 7

Grain, Oilseed & MGEX Products

Thursday, July 3

1200 CT / 1300 ET / 1700 UTC – Early close

1215 CT / 1315 ET / 1715 UTC – Early MGEX Wheat & Apple Juice close

1230 CT / 1330 ET / 1730 UTC – Early Mini-Sized grain close

1230 CT / 1330 ET / 1730 UTC – Early MGEX Indices close

Friday, July 4

All products closed

Monday, July 7

0700 CT / 0800 ET / 1200 UTC – MGEX Apple Juice opens

0830 CT / 0930 ET / 1330 UTC – Grain, Oilseed & MGEX products open

Livestock, Dairy & Lumber Products

Thursday, July 3

1200 CT / 1300 ET / 1700 UTC – Early close for Dairy

1200 CT / 1300 ET / 1700 UTC – Early close for Lumber

1202 CT / 1302 ET / 1702 UTC – Early close for Lumber Options

1215 CT / 1315 ET / 1715 UTC – Early close for Livestock Futures & Options

Friday, July 4

All products closed

Sunday, July 6

1700 CT / 1800 ET / 2200 UTC – Regular Dairy open

Monday, July 7

900 CT / 1000 ET / 1400 UTC – Lumber market open

905 CT / 1005 ET / 1405 UTC – Livestock markets open

More details at: http://www.cmegroup.com/tools-information/holiday-calendar/files/2014-4th-of-july-holiday-schedule.pdf

If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe

at +44 800 898 013 or in Asia at +65 6532 5010

Globex & ICE Exchanges Futures U.S

2014 Independence Day Holiday Trading Schedule

ICE Futures U.S. will observe the following trading schedule for the 2014 Independence Day Holiday. Changes from regular trading and daily settlement window times are shown in bold, all times shown in NY time.

Sugar No. 11^® and 16, Coffee “C” ^®, Cotton No. 2^®, Cocoa and FCOJ Contracts:

*Date*	*Trading Hours*	*Settlement Window*
Thu, Jul 3	Regular Hours	Regular Time
Fri, Jul 4	Closed	None
Mon, Jul 7	Late Open – 8:00 am for Cotton Regular Hours for all other contracts	Regular Times

Cash-Settled U.S. Grain and Oilseed Contracts:

*Date*	*Trading Hou*rs	*Settlement Window*
Thu, Jul 3	Early Close – 1:00 pm TAS trading will be held	12:59-1:00 pm
Fri, Jul 4	Closed	None
Mon, Jul 7	Late Open – 8:00 am	Regular Times

U.S. Dollar Index^® and Currency Pair Contracts:

*Date*	*Trading Hours*	*Settlement Window*
Thu, Jul 3	Regular Hours TAS trading ends at 1:00 pm	12:59-1:00 pm
Fri, Jul 4	Early Close – 1:00 pm TAS trading will not be held	12:59-1:00 pm¹

Russell Equity Index Contracts:

*Date*	*Trading Hours*	*Settlement Window*
Thu, Jul 3	Early Close – 1:15 pm TAS/TIC trading will be held	1:14-1:15 pm
Fri, Jul 4	Early Close – 1:00 pm TAS/TIC trading will not be held	12:59-1:00 pm¹

Russell Equity Index Contracts:

¹ Settlement prices for each of these contracts on July 4 will most likely
reflect prior day settlements, but in the event of a significant price move
may instead be based on prices during the settlement windows shown.

mini MSCI Index and NYSE Arca Gold Miners Index Contracts:

*Date*	*Trading Hours*	*Settlement Window*
Thu, Jul 3	Regular Hours	Regular Times
Fri, Jul 4	Early Close – 1:00 pm TAS trading will not be held	12:59-1:00 pm²

² Settlement prices for each of these contracts on July 4 will either reflect prior day settlements or instead be based on prices during the settlement window shown.

Financial Natural Gas, Power and Emissions Contracts:

*Date*	*Trading Hours*	*Settlement Window*
Thu, Jul 3	Regular Hours	Regular Times
Fri, Jul 4	Early Close – 1:30 pm TAS trading will be held	12:58-1:00 pm

Precious Metals Contracts:

*Date*	*Trading Hours*	*Settlement Window*
Thu, Jul 3	Regular Hours	Regular Times
Fri, Jul 4	Early Close – 1:00 pm TAS trading will not be held	12:59-1:00 pm³

³Settlement prices for each of these contracts on July 4 will most likely reflect prior day settlements, but in the event of a significant price move may instead be based on prices during the settlement windows shown.

Continue reading “Independence Day, July 4th 2014 Futures Trading Holiday Hours for CME / Globex & ICE Exchanges”

How to Open a Commodities Trading Account

Posted on February 11, 2014July 19, 2017 by Ilan

Considering Futures Commodities Trading?

What is FCT? When buying futures you are entering into what is called a futures contract. This contract is an agreement to buy or sell the commodities at a fixed price at a later date. The fixed price is determined by the commodity profile of the exchange upon which you are trading. The commodity profile determines what is called the contract size. By using various strategies on the exchange you can profit or lose from either a drop or an increase in the price of the underlying commodity. There are two core positions you can take when trading futures, long and short depending upon whether you think the price will rise or fall. The advantage of trading in futures is that your investment is only a percentage of the price of the value of the contract, this is buying on margin. Typically, margins are anywhere from 3-20%.

The strategy is then to gain an increase on your margin investment based upon the daily price fluctuation of the underlying commodity. In taking a long position you agree to buy the contract at a later date at the fixed price with the option to sell early in the event the price per share goes up, adding to your margin. In taking a short position you agree to sell the contract at a later date with the option to buy back the contract at its decreased value in the event the price per share goes down, again, adding to your margin investment. Traditionally, what is described here is the process of two interwoven financial instruments; options contracts and futures contracts. The two are distinguished by the obligations put on the buyers and sellers.

Whereas futures contracts obligates the buyer to buy and the seller to sell unless the holder’s position changes prior to the set delivery date, the options position holds that the buyer has the option, yet is not obligated to, buy or sell the contract at a set price at any time during the duration of the contract up until expiration. Another feature contributed by the options position is the marginal investment, also known as a performance bond. Both long and short position holders are required to contribute this security deposit to ensure their position on the contract. Depending upon the daily market fluctuation of the price of the underlying commodity, the performance bond acts as a leverage vehicle that credits and debits a trader’s account on a twice daily basis from the pre-deposited funds. A broker may also perform a margin call to the client when the margin investment account falls below predetermined performance requirements set for the contract. Singular positions on futures contracts, in and of themselves are the riskiest investments in futures trading. Certain strategies can be employed to minimize risk and maximize returns on marginal investments. Another way to hedge you against unfavorable changes in the market is by utilizing a spread. One spread is to go long a nearby month and go short a later month. Another spread is to utilize related commodities/ contracts. Long wheat, short corn or long ten year bonds, short 30 year bonds. More on commodity spreads at: https://www.cannontrading.com/community/trading-futures-spreads.

Continue reading “How to Open a Commodities Trading Account”

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Considering Futures Commodities Trading?