UK and European Daylight Saving Time (DST)
Entry posted by CharlotteIG
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UK and European clocks go back one hour when Daylight Saving Time (DST) ends on Sunday 25th October. From this date until Sunday 1st November, the end of US DST, there will be a number of changes to our opening hours:
• US and Canadian markets will open one hour earlier in UK time. For example, US and Canadian shares will be quoted between 1.30pm and 8pm
• Leveraged trading on US shares (all sessions) will run from 8am to midnight Monday to Thursday, and from 8am to 9pm on Friday 30th October
• Share dealing (non -leveraged) on US shares (all sessions) will run from 11am to 9pm Monday to Thursday, and from 11am to 9pm on Friday 30th October
• All forex markets will open at 9pm on Sunday 27th October and close at 9pm on Friday 30th October
• 24-hour dealing on indices will open at 10pm on Sunday 27 October and close at 9pm on Friday 30th October
• Expiring US markets will settle an hour earlier than usual
• New York Cocoa, Sugar and Coffee, and London Sugar all close an hour earlier than normal
• Weekend trading will open at the same time (8am Saturday), but will close one hour earlier (FX 8.40pm, Indices 9.40pm) on Sunday.
All markets will close at 9pm on Friday 30th October (one hour earlier than the normal 10pm close).
Overnight funding (tomnext) adjustments for FX pairs will apply to positions held through 9pm.
From Sunday 1st November, the above will revert to their usual hours.
Please also bear the following in mind:
Asian markets, which do not observe DST, will operate one hour earlier in UK time. For example:
HKEX shares will close at 8am,
SGX shares will close at 9am.
In-hours trading on Eurex futures (including the Germany 30) will be available one hour earlier at 12:10pm
Digital 100s - Please pay particular attention to the expiry times of US and Asian digital 100s, as the proximity to expiry has a large bearing on the price quoted. You can check these in-platform via the 'information' section in the deal ticket.
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