CME Group Announces Trading Hours for U.S. National Day of Mourning to Honor Former President Jimmy Carter

Rhea-AI Summary

CME Group has announced modified trading hours for January 9, 2025, in observance of the National Day of Mourning for former President Jimmy Carter. U.S. equity markets will close at 8:30 a.m. CT, with equity options expiring on January 9 moved to January 8. Interest rates and agricultural markets will close at 12:15 p.m. CT. BrokerTec U.S. Repo and Treasury products will close at 2:30 p.m. CT and 1:30 p.m. CT respectively.

Cryptocurrency, energy, foreign exchange, and metals markets, along with EBS platform products, will maintain normal trading hours. All CME Globex products will resume regular trading schedules on January 9 for the January 10 trade date.

Insights

Market Operations Specialist

This announcement details significant but temporary changes to CME Group's trading schedule, affecting multiple asset classes differently. Agricultural, equity and interest rate markets will see early closures, while cryptocurrency, energy, forex and metals markets maintain normal operations. The staggered closing times - 8:30 CT for equities, 12:15 CT for interest rates and agricultural markets and 2:30 CT for BrokerTec U.S. Repo - are designed to maintain orderly market operations.

Of particular importance is the adjustment to U.S. equity options expiring on January 9, which will now expire on January 8. This change requires immediate attention from traders and portfolio managers to adjust their positions and trading strategies. The varying impact across different market segments creates opportunities for arbitrage and requires careful planning for multi-asset portfolios.

Trading Systems Analyst

The selective market closures create a complex trading environment that requires careful system adjustments. While some markets close early, others remain fully operational, potentially affecting cross-asset trading strategies and automated trading systems. The continuation of CME Globex operations for the January 10 trade date ensures minimal disruption to global trading activities.

Market participants need to review and potentially modify their trading algorithms and risk management systems to account for the abbreviated trading hours and shifted expiration dates. The differential treatment of various asset classes could temporarily impact market liquidity patterns and cross-market correlations during the transition period.

CHICAGO, Dec. 30, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, has announced that it will honor the passing of former President Jimmy Carter by implementing an early close for agricultural, equity and interest rate markets on the National Day of Mourning on Thursday, January 9, 2025.

U.S. equity markets will be open until 8:30 a.m. CT on January 9. All U.S. equity options expiring on January 9 will be moved to expire on January 8.

Interest rates and agricultural markets will close at 12:15 p.m. CT on Thursday, January 9.

BrokerTec U.S. Repo and Treasury products will have an early close of 2:30 p.m. CT and 1:30 p.m. CT, respectively, on January 9.

CME Group cryptocurrency, energy, foreign exchange, and metals markets, as well as products traded on the EBS platform, will operate with normal trading hours.

The full trading schedule for January 9 can be found here.

All products trading on CME Globex will reopen at their regularly scheduled time on January 9 for a trade date of January 10.

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.  The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. 

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners. 

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SOURCE CME Group

FAQ

What are CME Group's trading hours for the National Day of Mourning on January 9, 2025?

U.S. equity markets will close at 8:30 a.m. CT, interest rates and agricultural markets at 12:15 p.m. CT, while BrokerTec U.S. Repo and Treasury products will close at 2:30 p.m. CT and 1:30 p.m. CT respectively.

Which CME markets will maintain normal trading hours on January 9, 2025?

Cryptocurrency, energy, foreign exchange, and metals markets, as well as products traded on the EBS platform, will operate with normal trading hours.

When will CME Group equity options originally expiring on January 9, 2025 now expire?

All U.S. equity options originally scheduled to expire on January 9 will be moved to expire on January 8, 2025.

When will CME Globex trading resume after the National Day of Mourning?

All products trading on CME Globex will reopen at their regularly scheduled time on January 9 for a trade date of January 10.