21st Century Time Travel

If you like road trips, you might have considered the journey from Atyrau, in Kazakhstan at the northern end of the Caspian Sea, to Shanghai. With a few zigzags, you head east-south-east and, 8,000 km (5,000 miles) later, you’re on the east coast of China.

Along the way, you’ll pass disparate climate zones and numerous local languages. But you’ll only cross one border and one time zone.

Kazakhstan and China share an 1,800km (1,100 mile) border. They’re also two of the largest countries in the world that employ a single official time zone. Kazakhstan is 5 hours ahead of Universal Time and China 8 hours. This has the bizarre effect that when you cross the border, you’ll experience a 3-hour time change.

China’s time zone is set for the convenience of those in political power, who mostly live near the east coast. In western China, the mid-winter sun doesn’t rise until after 10:15am. The locals have adapted by creating an unofficial time zone that is two hours closer to Kazakhstan, but it seems to be used inconsistently.

If you’re keen to experience this 21st century equivalent of time travel but don’t want to go into China from Kazakhstan, you can also do it from Tajikistan or Pakistan. None of these countries, however, hold the record—that belongs to Afghanistan, which is 3 ½ hours different than China. They share an 80km (50 mile) border, but they don’t have a land crossing, so if you do make the journey you should probably keep quiet.

Next week: Another interesting aspect of China’s single time zone.


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🔗 Time Zones – Easily convert past or future dates and times around the world

📨 For more information, contact us at: info@swapsmonitor.com 

nuam: One Market, Three Exchanges — Trading Hour Changes Ahead

On July 20, the Santiago, Bogota, and Lima stock exchanges will merge to form nuam – a single integrated capital market platform and the first of its kind in Latin America. 

While each exchange will retain its own trading holidays, there will be changes to trading systems and post-trade infrastructure. 

For all three, this means new trading sessionsadjustments to existing sessions and changes to randomization

At Swaps Monitor, we track every session across every market and segment, providing the granular insight you need to stay ahead of market developments and trade with confidence. 

Anticipate. Plan. Trust. 


📄 Explore our products: 

🔗 Holidays – Correctly anticipate future holidays
🔗 Trading Hours – Know your trading window, down to the second 
🔗 Expiry Dates – Never miss a deadline
🔗 Economic Events – Keep current on economic events

📨 For more information, contact us at: info@swapsmonitor.com 

Differentiated Trading Hours—A New Trend in Futures and Options Trading

A recent trend among futures exchanges has been to introduce different session times for the front and back months. 

India did this recently for index and stock futures giving the front month a greater range of trading times. 

Now, Euronext Derivatives Paris is doing something similar, but going in the opposite direction—it’s making the last three days of the front month ineligible for the extended trading hours that are otherwise available. 

🔹How Swaps Monitor Keeps You Ahead 

To make this change easy to identify and manage, we’ve introduced a dedicated event in our Expiry Dates data. Called “Extended Hours Ineligibility Day”, it gives the exact date and time at which each contract ceases to be eligible for extended trading hours. 

Applies to: 
🔹 Euronext Derivatives Paris – No. 2 Milling Wheat Futures 
🔹 Euronext Derivatives Paris – Rapeseed Futures 
🔹 Euronext Derivatives Paris – Corn Futures 

Market schedules can be complex. We make them easy to navigate with clear, actionable data. 

Anticipate. Plan. Trust. 


📄 Explore our products: 

🔗 Holidays – Correctly anticipate future holidays
🔗 Trading Hours – Know your trading window, down to the second 
🔗 Expiry Dates – Never miss a deadline
🔗 Economic Events – Keep current on economic events

📨 For more information, contact us at: info@swapsmonitor.com 

The July 3 Paradox: Is it Really a Holiday in the US?

It’s been one of our most frequently asked questions recently—and the answer: it depends. 

When a holiday falls on a Sunday in the US, the following Monday is almost always a holiday. But it’s a different story with Saturday holidays. 

This year July 4, Independence Day, falls on a Saturday. Of our 145 financial centers that observe Independence Day, 103 will have a holiday on the preceding Friday, July 3 (none will be closed the following Monday). 

Starting in the late-1950s, the New York Stock Exchange began closing on the Friday preceding a Saturday holiday. Seven decades later, the banking system still does not do this. 

As a rule of thumb, financial centers in the US that are closely connected with the banking system will be open on July 3, while those closer to the stock exchange will be closed. Those without a strong connection to either will do as they please. 

That’s why, at Swaps Monitor, we maintain separate calendars for different market functions—giving our clients the precision and granularity they need to operate with confidence. 

Anticipate. Plan. Trust.


📄 Explore our products: 

🔗 Holidays – Correctly anticipate future holidays
🔗 Trading Hours – Know your trading window, down to the second 
🔗 Expiry Dates – Never miss a deadline
🔗 Economic Events – Keep current on economic events

📨 For more information, contact us at: info@swapsmonitor.com