CME Holiday Schedule and Trading Hours for 2016
In 2016 the Chicago Mercantile Exchange (CME) will observe the U.S. holidays that you find listed in the CME Holiday Schedule for 2016 below.
Unlike with other major exchanges, the CME holiday schedule is subject to change and is only finalized two weeks prior. Due to the fact that the CME’s Globex electronic exchange trades 24 hours per day, as well as being aware of the holiday dates traders also need to know altered session times and hours around these dates. These are listed in the right hand columns below.
Note that the dates listed below are for CME Globex and Clearport, Clearing, and the Floor may operate to different schedules.
CME Holiday Schedule 2016
|Holiday||2016 Dates||View Excel||View PFD|
|Dr. Martin Luther King, Jr.||15-19 Jan 2016||Dr. Martin Luther King, Jr.||Dr. Martin Luther King, Jr.|
|President’s Day||12-16 Feb 2016||President’s Day||President’s Day|
|Good Friday||24-28 March 2016||Good Friday||Good Friday|
|Memorial Day||27-31 May 2016||Memorial Day||Memorial Day|
|Independence Day||1-5 July 2016||Independence Day||Independence Day|
|Labor Day||2-6 Sept 2016||Labor Day||Labor Day|
|Columbus Day||10 Oct 2016||Columbus Day|
|Veterans Day||11 Nov 2016||Veteran’s Day|
|Thanksgiving||23-25 Nov 2016||Thanksgiving||Thanksgiving|
|Christmas||23-27 Dec 2016||Christmas||Christmas|
|New Year’s||30 Dec 2016 – 3 Jan 2017||New Year’s||New Year’s|
Normal Trading Hours
The CME does not have a regular trading session for all products; different contracts each have specific trading hours depending on the location of trading. Listed below are normal traded hours for a handful of popular contracts. For all other products, consult the exchange’s website.
The Chicago Mercantile Exchange observes 11 U.S. holiday periods. Trading hours for these holidays may vary for specific products. Hours on the business days both before and after a holiday closure may also be affected
Unscheduled closures of the CME are very rare and are avoided at all costs due to the global nature of the services it provides. While the floor has been closed several times in recent history due extreme weather conditions, the Globex platform has continued to facilitate market access.
About the Chicago Mercantile Exchange
The CME is the is the largest derivatives exchange in the world, world’s leading and most diverse derivatives marketplace, handling an average of over 3 billion contracts with a face value of approximately $1 quadrillion per year in a diverse range of products. The exchange brings together buyers and sellers in futures and options, providing a marketplace for institutions, producers and individuals to offset risk and speculate against future price movement.
Along with other exchanges in the group such as NYMEX, COMEX, and CBOT, the Chicago Mercantile Exchange offers a broad range of derivative instruments spanning all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. As part of its commitment to providing ground-breaking solutions for the management of risk, the CME also provides an expanding range of over-the-counter products through its own clearing house.
The CME’s building houses some of the last open-outcry trading pits in the world, where floor traders participate in a two-way auction which provides both liquidity and facilitates price discovery. Most trading, however, is now done via the CME Globex electronic platform, which can be accessed globally via a futures broker or futures commission merchant. Trades executed via both Globex and the exchange floor are cleared via the exchanges own clearing house, the world’s leading central provider of clearing. Acting as an intermediary in the buying and selling process, the exchange helps to minimize risk and promote transparency in the derivatives markets:
By serving as the counterparty to every trade that happens in our markets, we protect the integrity of our markets, virtually eliminating third-party credit risk. For the global economy, this unparalleled access translates into opportunity.
Resources: The Chicago Mercantile Exchange website.
|View holiday schedules for other futures exchanges: Futures Knowledge Base|