TIME (ET)SESSION
7:00 AM - 9:30 AM |
Pre Open - Orders may be entered, but will not be executed. The COP is displayed and continuously updated. |
9:30 AM |
Market on Open (MOO) - All matching orders are executed at a single opening trade price with any remaining orders carrying through to the continuous limit order book. |
9:30 AM - 4:00 PM |
Continuous Trading - All regular order types are accepted. |
3:40 PM - 4:00 PM |
Market on Close (MOC) - Cut-off for MOC orders is at 3:40. MOC imbalance is published at 3:40 after which Limit on Close (LOC) orders opposite to the imbalance side are accepted (subject to a price collar) into the non-displayed MOC facility. Trades publish at 4:00 unless a Price Movement Extension is required, in which case trades publish at 4:10. |
4:10 PM - 4:15 PM |
Post Market Cancel Session - During this session, open orders may be cancelled by the dealer. |
4:15 PM - 5:00 PM |
Extended Trading Session - Orders at the last sale price are accepted, but trades may only occur at the last sale price except for regulatory approval of a specialty price cross. Day orders participate in this session. MBF session for option expiry takes place during Extended Trading once per month, the evening before an option expiry day. |