HKEX on May 25: Partially Open. Partially Closed. 

On May 25, most of Hong Kong observes Buddha’s Birthday, a public holiday. However, trading in certain HKEX contracts is traditionally open on this holiday. 

This year is unusual, however, because May 25 is also a holiday in both the UK and the US

With two major financial centres offline, HKEX is adjusting its schedule accordingly. 

🔹 Securities / Cash Equities: ❌ Closed 

🔹 Equity Index Derivatives: ⚠️ Partially Open 

🔹 Currency Derivatives: ✅ Fully Open 

For trading firms, this creates a highly nuanced operational scenario: 

🔹 Market open, but selectively 

🔹 Different products following different schedules 

🔹 Clearing, risk, and liquidity considerations shifting by asset class 

This scenario—Buddha’s Birthday coinciding with UK and US holidays—is rare. The next time it will happen is in 2042 and it will occur only five times in the 21st century

No matter how unusual the market structure becomes, we deliver the granularity our customers need to trade anywhere, anytime. 

Anticipate. Plan. Trust. 


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🔗 Holidays – Correctly anticipate future holidays
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The weekend that wasn’t!

Last Saturday, May 9, banks and payment systems in China were open for business.

And this wasn’t an anomaly. It was a deliberate calendar adjustment.

In several countries, holiday schedules are adjusted — extending festive breaks, aligning them with weekends, or redistributing days off. The trade-off? A day that would typically be a weekend suddenly becomes a working day.

China isn’t alone in this practice. Similar adjustments are observed in around a dozen others. Over the past 10 years, over 600 weekend days have been lost due to this practice.

At Swaps Monitor, we understand that even weekends aren’t always what they seem—which is why we ensure these exceptions are accurately reflected in our data.

Anticipate. Plan. Trust.


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🔗 Holidays – Correctly anticipate future holidays
🔗 Trading Hours – Know your trading window, down to the second 
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Special Release Alert: Brazil’s Mother’s Day Consumer Survey

Brazil doesn’t take Mother’s Day lightly — and neither does its data.

This Friday, May 8, FGV releases a special iteration of its Consumer Survey focused on Mother’s Day gift shopping momentum.

Unlike the standard monthly edition, this is a second, dedicated release of the April 2026 report — a signal of just how significant the date is for Brazilian consumer behavior.

At Swaps Monitor, we track every release, every iteration. Whether it’s the standard monthly print or a special commemorative edition — we’ve got you covered.

Anticipate. Plan. Trust


Release date: Friday, May 8

📊 Survey: FGV IBRE Consumer Survey — Mother’s Day Special

SM CodeName
BRCCNConsumer Survey

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