Category: Uncategorized

Between now and April 20, 26 exchanges will adjust their regular trading hours, including the Moscow Exchange, CME, ICE Futures Europe, Eurex, Tokyo Financial Exchange and Euronext Derivatives Paris.

Why the changes❓

• Holidays: The end of Ramadan will trigger a return to normal hours.
• Daylight Saving Time: Europe will shift clocks this weekend, impacting contracts worldwide.
• Extended Hours: Exchanges continue to expand access for participants.
• Session Reorganization: Structural changes result in the addition and deletion of sessions.

⏩ How to stay ahead

For any given trade data, our “New Hours” feature highlights new session times.

✅ No guesswork
✅ No surprises
✅ Clear visibility

In a world where timing is everything, stay ahead with our Trading Hours data.

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 

Eid Al-Fitr is not only one of the most important Islamic festivals, but also one of the most complex holidays.

• It is a holiday in 79 countries
• Holiday length ranges from 1 to 7 days
• Decision-making bodies differ—governments, religious authorities, and sometimes even financial institutions

Adding to the complexity is the reliance on moon-sighting. The Quran states that the month begins when the new moon is sighted. Many countries interpret this literally, deploying teams of observers each month. The process is influenced not only by astronomy – latitude, longitude, crescent size – but also by terrain, weather, air pollution and local rules on optical aids.

This year, countries will begin moon-sighting on the evening of Wednesday, March 18 or Thursday, March 19. Depending on whether they see the moon, Eid Al-Fitr will generally start on Friday, March 20, or Saturday, March 21.

At Swaps Monitor, we have spent decades understanding the intricacies of the Islamic calendar and its associated holidays. Our approach combines a highly sophisticated projection model with real-time monitoring, enabling our customers to plan confidently in the face of this complexity.

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 

Starting March 16, Nasdaq’s Nordic Power Contracts (excluding German contracts, which were suspended on March 9) will officially begin trading on Euronext Amsterdam. 

In addition to administrative changes, there are a number of operational changes: 

🗓️ Trading Sessions 
🔹 Regular trading hours remain unchanged. 
🔹 Two new sessions will be introduced: 
➡️ Opening call 
➡️ Uncrossing 
🔹  All sessions will, for the first time, be subject to randomization 

At Swaps Monitor, our data evolves with the markets – ensuring our customers stay informed of the changes that matter. 

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 

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

In the wake of military activity in the Middle East, the initial impact was evident through exchange closures in Iran, Kuwait, and the UAE. Yet the impact has been broader, with volatility spreading across multiple markets. 

Circuit breakers — designed to pause trading during extreme volatility — were triggered multiple times this week: 

🗓️ March 2 

🔹 Pakistan Stock Exchange: Cash Equities and KSE-30 Index Futures 

🔹 Israel Stock Exchange: Cash Equities 

🗓️ March 3 

🔹 Colombo Stock Exchange: Cash Equities  

🗓️ March 4 

🔹 Stock Exchange of Thailand: Cash Equities 

🔹 Thailand Futures Exchange: Index Derivatives and Equity Futures 

🔹 Korea Exchange: Cash Equities and Index Derivatives 

🔹 Nextrade Korea: Cash Equities 

At Swaps Monitor, we monitor closures and halts in real-time – ensuring our clients stay informed and prepared, even in periods of heightened uncertainty. 

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 

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

MSCI Equity Index rebalancing changes will take effect on February 27, impacting trading hours for the equity segments on B3 and Bolsa Mexicana de Valores. 

🔹 Continuous trading ends 5 minutes earlier 

🔹 Closing call starts 5 minutes earlier 

🔹 VWAP calculation period starts 10 minutes earlier 

🗓️ Next occurrence: May 29 

Whether you need the effective dates of MSCI Index rebalancing or details on trading hour adjustments, we have you covered. 

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 

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

This week marks the start of the holy month of Ramadan, which will start between February 18 and 20, depending on the country. 

🔹 Banks, FX markets or exchanges in 10 countries will observe holidays. 

🔹 Closures will range from 1 to 10 days. 

🔹 Around the world, different holidays are observed on different days of the month 

⭐ First Day of Ramadan 

⭐ Shab Qadr 

⭐ Jumat Ul Wida 

⭐ Quran Anniversary Day 

🔹 9 exchanges will have modified trading hours. 

🔹 2 countries will suspend daylight saving time. 

At Swaps Monitor, we provide accurate dates and times of market-moving events so you can navigate these changes with confidence. 

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
🔗 Economic Events – Keep current on economic events
🔗 Time Zone – It’s 5 o’clock somewhere.

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

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