NASDAQ Holidays and Trading Hours for 2016
In 2016 the exchange will keep the same U.S. holiday dates as the other major securities exchanges listed in Nasdaq Holiday Schedule below. Additionally, Nasdaq equities and options markets will close early at 1pm EST on 27th December.
Standard market hours and settlement dates can also be found below.
| View holidays for other stock exchanges: Stocks Knowledge Base |
NASDAQ Holiday Schedule 2016
| HOLIDAY | 2016 |
| New Years Day | January 1 |
| Martin Luther King, Jr. Day | January 18 |
| Washington’s Birthday* | February 15 |
| Good Friday | March 25 |
| Memorial Day | May 30 |
| Independence Day | July 4 |
| Labor Day | September 5 |
| Thanksgiving Day | November 24 |
| Christmas | December 25 (Observed December 26) |
Normal Trading Hours
The regular trading hours for the Nasdaq run between 9:30 am and 4:00 pm Eastern Time. Pre-market trading commences at 4:00 am until the regular market open, and the after-hours trading sessions runs from 4:00 pm to 8:00 pm.
Order entry is possible throughout the entire period covered by these three sessions, and all quotes are open and actionable from 4:00 am until 8:00 pm.
The daily closing price that is reported by market data providers and the financial media is the official close of the regular session at 4:00 pm, and does not reflect pricing in the pre-market or after-hours trading sessions.
Other NASDAQ Owned Exchanges
The Nasdaq Group owns and operates exchanges throughout a number of Nordic countries: Helsinki, Copenhagen, Stockholm, Norway, and Iceland. These exchanges operate to their own holiday schedule, observing national holidays in the countries in which they are located. More information can be found by visiting the websites for these exchanges.
Settlement Date Schedule
The settlement date should be employed for purposes of clearing and settling transactions pursuant to the securities exchanges by all Nasdaq brokers, dealers, and member firms.
Under Regulation T, if the entire amount owing on securities purchased in a cash account is not received within five working days of a transaction, broker-dealers are required by the Federal Reserve Board to promptly cancel or otherwise liquidate the trade. In some circumstances members may be able to make application to extend this time period beyond the Reg. T settlement date.
Nasdaq member organizations are also required by SEC Rule 15c3-3 to obtain timely possession or control of securities through a buy-in procedure or similar means if securities have not been received within thirteen business days from the sale transaction date. Similarly, may be able to make application to extend the time period specified.
About the NASDAQ Stock Exchange
Founded in 1971, NASDAQ stands for ‘National Association of Securities Dealers Automated Quotations’, and is a global electronic marketplace for the purchase and sale of financial securities. It is the second largest stock exchange in the world by market capitalization.
The exchange was created by the National Association of Securities Dealers as a platform to facilitate securities trading via a fast and transparent electronic communications system. Initially only quotations were supported electronically, but it soon became possible to execute trades electronically. The rapid evolution of technology has enabled the Nasdaq’s computerized trading model to become the standard, adopted by more than seventy exchanges worldwide, largely replacing the old ‘specialist’ system. This proved somewhat unpopular with brokers and market makers at the time, as it lowered the spread from which they profited.
The Nasdaq has become synonymous with the listing of technology stocks, and over 3,000 stocks trading on the exchange comprise the Nasdaq Composite Index, the benchmark index for the U.S. technology sector. A number of tech giants are listed on the exchange, including Apple, Google, Amazon and Microsoft.
Companies listed on the exchange are divided into three tiers:
- NASDAQ Capital Market (small cap) lists stock in companies that have relatively small levels of market capitalization. Listing requirements are less stringent for such companies than for other Nasdaq markets.
- NASDAQ Global Market (mid cap) is made up of stocks that represent the Nasdaq Global Market. The NASDAQ Global Market consists of 1,450 stocks that meet Nasdaq’s strict financial and liquidity requirements, and corporate governance standards.
- NASDAQ Global Select Market (large cap) is a market capitalization-weighted index made up of US-based and international stocks that represent the NASDAQ Global Select Market Composite. The NASDAQ Global Select Market consists of 1,200 stocks that meet Nasdaq’s strict financial and liquidity requirements and corporate governance standards. The Global Market Select is more exclusive than the Global Market. Every October, the Nasdaq Listing Qualifications Department reviews the Global Market Composite to determine if any of its stocks have become eligible for listing on the Global Select Market.
| Year | Historical Event |
|---|---|
| 1971 |
NASDAQ introduces the era of all-electronic trading. With this innovation, NASDAQ attracts new growth companies, such as Microsoft, Apple, Cisco, Oracle and Dell.
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| 1987 |
OM, Europe’s first derivatives exchange (founded in 1985 ) becomes the world’s first exchange that is a publicly traded and listed.
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| 1990 |
OM becomes the first exchange in history to transform the exchange business model by leveraging its capital markets and technology expertise to service the exchange industry. The company sold the world’s first electronic exchange system for derivatives trading, commercializing its proprietary technology
|
| 2005 |
NASDAQ begins offering investor relations, public relations and multimedia services (technology-based monitoring, reporting and marketing) to listed companies to help promote their capital health. Today, this business represents more than 10% of total net revenue.
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| 2007 |
NASDAQ merges with OMX, a leading exchange operator in the Nordics, to diversify and expand its global footprint, and changes its name to The NASDAQ OMX Group.
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| 2013 |
The NASDAQ OMX Group acquires Thomson Reuters’ investor relations, public relations and Multimedia Solutions businesses, expanding its corporate solutions business. The acquisition makes The NASDAQ OMX Group a leading provider of company solutions to more than 10,000 corporate clients.
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| 2014 |
The NASDAQ OMX Group is now known as Nasdaq, which represents its rising global brand recognition and new brand identity.
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Resources: The Nasdaq Exchange website.