Category: Uncategorized

Recently, TFEX (Thailand Futures Exchange) halted Silver Online Futures before the Day Session even began. The halt occurred during the On-Open Order Execution session.  

Across 3,000+ markets we cover, there are 1,500+ session types, including: 

🔹Pre-Open 

🔹Opening/Closing Auction 

🔹Daily Settlement Period 

🔹Calculation of Opening Price 

🔹Order Matching 

🔹Enquiry 

Each session has its own rules, and order execution can happen in many of them. 

Trading activity often starts well before the visible “open,” and at Swaps Monitor, we provide the granularity you need to take advantage of the complete trading window. 

Anticipate. Plan. Trust. 

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📄 Explore our product: 
🔗 Trading Hours – Know your trading window, down to the second 

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

Recent spikes in precious metals volatility have led to a surge in trading interruptions across derivatives markets. 

🔹 Osaka Exchange: 15 halts across 8 futures and options contracts between Jan 29 – Feb 4 

🔹 Thailand Futures Exchange: 6 halts across 3 futures contracts between Jan 30 – Feb 2 

⏱️ Halt durations ranged from 2 to 10 minutes. 

At Swaps Monitor, we monitor trading hours for over 3,000 markets – capturing every halt – down to the second.  

Anticipate. Plan. Trust. 

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📄 Explore our product: 
🔗 Trading Hours – Know your trading window, down to the second 

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

Many government debt auction calendars are set well in advance—whether annually, semi-annually or quarterly. But these schedules only give the appearance of stability. In reality, they remain subject to change at short notice. 

🔔 This Week’s Changes 

🔹 Australia added an auction for January 27

🔹 Belgium cancelled an auction scheduled for January 26 

🔹 Norway held a last-minute syndication on January 27 and cancelled the auction scheduled for January 28  

🔹 Portugal added an auction for January 28 

At Swaps Monitor, we monitor dates and times of over 100 government debt auctions in 25 countries and stay on top of every change – so you’re never caught off guard. 

Anticipate. Plan. Trust. 

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📄 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 

Following guidance from the New Zealand Financial Markets Association (NZFMA), changes to the NZBD calendar take effect this week. 

✅ What’s Changing 

• 19 January – Wellington Anniversary Day 

• 26 January – Auckland Anniversary Day 

➡️ Both dates will now be treated as good days for the NZBD calendar. 

📊 What’s Affected 

• Wholesale OTC market transactions and settlement 

• Price fixing conventions 

• FX value date calculations 

• Foreign currency deposit activity 

NMA – NZFMA-recommended non-business days 

At Swaps Monitor, we keep you aligned with global market conventions — wherever you trade. 

Anticipate. Plan. Trust. 

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📄 Explore our products: 

🔗 Holidays – Correctly anticipate future holidays

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

At Swaps Monitor, our philosophy is simple: get it right the first time.

Every time a holiday changes, it costs our customers time and sometimes money. Settlement dates need to be reset, trade confirmations adjusted, valuations changed, and option expiry dates modified. We are very aware of these costs and invest heavily in getting it right in the first place.

A Case in Point

📅 Mumbai 2026 Holidays

India’s holidays are very complex – blending lunar and solar calendars with political decisions about which festivals to favor. Dates shift every year.

The official government holidays for 2026 in Mumbai were not announced until December, 2025. Yet we had already projected them correctly—no update required.

The Swaps Monitor Advantage

✔️ Nearly four decades of expertise
✔️ 50+ specialists, speaking 39 languages
✔️ Real-time monitoring
✔️ Over 70% of resources devoted to research
✔️ Four global offices covering all time zones
✔️ Proprietary algorithms built on deep knowledge

Anticipate. Plan. Trust.

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📄 Explore our product: 

🔗 Holidays – Correctly anticipate future holidays
🔗 Trading Hours – Know your trading window, down to the second 
🔗 Expiry Dates – Never miss a deadline

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

📊In Numbers

• 42% of holiday changes were announced within 7 days of observance
• New Year’s Day and Christmas Day were the most observed holidays worldwide
• 32% of trading hours changes occurred on the same day
• 67% of our trading hours markets observed irregular hours (early closes, halts, etc.) on at least one day
• 19 exchanges experienced unplanned trading halts

🏆 Rankings

• Most Bank Holidays
  1️⃣ Iran — 35 days
  2️⃣ Maldives — 27 days
  3️⃣ Myanmar — 26 days

• Stock Exchanges with the Most Available Trading Hours
  1️⃣ Russia – 4,127 hours
  2️⃣ Kazakhstan – 2,500 hours
  3️⃣ Belgium, France, Luxembourg, Netherlands, Portugal, and Spain – 2,155 hours each

 📌 Highlights from our Journey

• Partnered with leading exchanges, including BME, 24X, and Blue Ocean
• Holiday coverage surpassed 2,000 financial centers
• Expanded expiry dates coverage to 1,500+ contracts
• Delivered trading hours for 3,000+ markets worldwide
• Celebrated 38 years of delivering the most accurate and reliable data

💡 In 2026, we look forward to building stronger partnerships and providing our customers with data they can trust, always! 

Anticipate. Plan. Trust.

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👉To learn more about the methodology behind these numbers, contact us at info@swapsmonitor.com.

📄 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

Over the past decade, there has not been a single year without at least one country changing its weekend. Another such change is approaching. 

📌 Effective January 4, 2026, the Tel Aviv Stock Exchange will change its trading weekend from Friday–Saturday to Saturday–Sunday.  

Key changes:  

🔹 Adjusted Friday trading hours 

🔹 Updated holiday rules when a holiday or its eve falls on Sunday 

🔹 Revised contract expiry date rules 

At Swaps Monitor, our product suite — Holidays, Trading Hours, and Expiry Dates— covers all these changes. We monitor them in real time and alert you immediately. 

Anticipate. Plan. Trust. 

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📄 Explore our product: 

🔗 Holidays – Correctly anticipate future holidays
🔗 Trading Hours – Know your trading window, down to the second 
🔗 Expiry Dates – Never miss a deadline

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

On January 1, 2026, the euro replaces the Bulgarian lev. Financial institutions must prepare for numerous operational adjustments, including around trading hours and holiday schedules.

🗓️ Key Dates and Adjustments

•           December 22, 2025 – Stock exchange operates under modified trading hours.

•           December 23, 2025 – January 4, 2026 – Stock exchange closed for trading.

•           Year-end holidays – Stock exchange settlement will follow the standard schedule, with additional holidays on December 31 and January 2.

•           January 2, 2026 – A good business day for EUR settlement, but a holiday for banks

At Swaps Monitor, we provide the data you need to be prepared for complex market transitions.

Anticipate. Plan. Trust.

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📄 Explore our products: 

🔗 Holidays – Correctly anticipate future holidays
🔗 Trading Hours – Know your trading window, down to the second 

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

Four times a year, US markets face Triple Witching – the simultaneous expiration of stock options, index options, and index futures. 

Traders must close, roll, or rebalance positions—often resulting in sudden bursts of buying and selling, rapid exposure shifts, and heightened volatility, often in the final trading hour. 

When markets operate under this kind of pressure, having accurate dates and times is essential for effective planning and risk management. 

At Swaps Monitor, we provide: 
✔️ Triple Witching dates 
✔️ Trading hours for all the relevant contracts 
✔️ Expiry dates and times 

Make informed decisions before the volatility arrives. 

Anticipate. Plan. Trust. 

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📄 Explore our product: 

🔗 Holidays – Correctly anticipate future holidays
🔗 Trading Hours – Know your trading window, down to the second 
🔗 Expiry Dates – Never miss a deadline

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

On December 8, NSE India and BSE India introduced a Pre-Open Session for the Equity Derivatives segment. The twist is that not all expiries are eligible.

🔹 What’s Affected

• Index & Stock Futures (not Options)
• Pre-open applies to current-month contracts
• Next-month futures become eligible during the last five trading days of the current-month expiry
• The session is divided into three: Order Entry → Order Matching/Confirmation → Buffer Period

🔹How Swaps Monitor Helps

• Enhanced Trading Hours Centers with clear segmentation
• The “Functionalities” feature in our Trading Hours data indicates allowed actions in each sub-session
• New: “Pre-Open Eligibility Day” in our Expiry Dates data shows exactly when each contract becomes eligible

These enhancements ensure our customers know exactly when each contract is eligible for pre-open and what activities are allowed during each session.

Market adjustments can be complex — we make them simple to navigate.

Anticipate. Plan. Trust.

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Affected Swaps Monitor codes:

SM Code	Contract Name
INSN	NSE Equity Futures
BMSB	BSE Index Futures
BMBSX	SENSEX Futures
INSSF	Cash-Settled Single Stock Futures
INSNI	Nifty 50 Futures
INSNK	Nifty Bank Futures
INFIN	Nifty Financial Services Index Futures
INSSG	Physically-Settled Single Stock Futures

📄 Explore our product: 
🔗 Trading Hours – Know your trading window, down to the second 
🔗 Expiry Dates – Never miss a deadline

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