New CME HoursPublished by on
Less than a year after expanding the trading day from 17 to 21 hours per day, CME Group, Inc. reduced hours, after approval by the U.S. Commodity Futures Trading Commission (CFTC).
Beginning April 8, trading hours on the CBOT, KC and MGEX exchanges changed to the following:
- Sunday-Friday: Electronic Open from 7:00 p.m. to 7:45 a.m.
- Closed: 7:45 a.m. to 8:30 a.m.
- Pit and Electronic Open: 8:30 a.m. to 1:30 p.m.
According to the Group, the reduction is in response to a formal survey and customer complaints about the longer trading day, which started May 2012 and was in response to a 21-hour trading day by the competing Intercontinental Exchange. As a result, the Group reduced trading hours for its grain and oilseed futures and options contracts.
The CME Group owns the Chicago Mercantile Exchange, Chicago Board of Trade, Kansas City Board of Trade, the New York Mercantile Exchange, and 90% of the Dow Jones Indexes.