What is the permitted trading times guideline?

• TradeDay does not fail you for accidentally breaching of the permitted times.
• Exit all positions 10 minutes before the close. No holding positions when the market closes.
• You can trade anytime when the market is open, with the exception of trading over TradeDay's tier 1 economic data releases.
• TradeDay will auto-liquidate all open positions 10 minutes before the daily market close and 2 minutes before TradeDay's tier 1 economic data releases, and open  markets back up to trade 2 minutes after these releases. 

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Traders cannot carry positions into the close, or trade Tier 1 data releases. We do not fail traders for accidental breaches of these guidelines, but traders found to be ignoring these guidelines and abusing the policy will lose their account.

 Full details on the restriction of trading tier 1 economic data releases can be found here

Trading session definition.

For CME products, a trading session is defined from the opening of the market at 5 pm CT through to the close the next day.  Any trading taking place during this session is considered a day.

For example, if you place a trade in the ES at 6 pm on Wednesday and again at 3 pm on Thursday, these are part of the same trading day, and the Evaluation metrics are calculated off this. 

Different products have different closing times.

For example, agricultural products close earlier than most of the other CME Group products.

TradeDay can liquidate open positions at 3:50 pm CT only, so please note that if you are trading a product that has a different closing time, it is your responsibility to ensure that you are flat and have no working orders before the close of that product. 

For a list of market closing times, please see the CME groups website here:

https://www.cmegroup.com/trading-hours.html (opens in a new tab)

Also, please be aware of any trading holiday market closures or shortened sessions. We will do our best to forewarn you of any impending changes to a market closing time on our site, but it is the trader’s responsibility to be aware of any changes to their own products.

https://www.cmegroup.com/tools-information/holiday-calendar.html (opens in a new tab)

Trading generally resumes after 5 pm CT. Overnight trading is allowed, but any open positions must be closed before the market closes the next day.

For example: If you open a crude oil position at 5.30 pm CT on Tuesday, it must be closed before 3.50 pm CT on Wednesday.

For funded traders we require all open positions to be closed 10 minutes before the close of the product you are trading. Any trader holding a position during this time will be issued a warning. 

Why do we have this rule?

When funded traders are trading in the live market, it is impossible for the trading group to risk manage positions when the market is closed. If a breaking news event, or data release happens when the market is closed, the price could open significantly against trader's risk limits incurring significant losses.