Over the past five years, 28 securities depositories servicing 46 exchanges have changed their cash equity settlement cycles. All but one (Iraq) have moved to shorter settlement periods, reflecting a global shift toward reducing settlement risk, accelerating access to capital, and improving market efficiency.

Around the world, cash equity settlement cycles range from T+0 to T+5, but T+2 remains the clear global standard, accounting for over 60% of markets.

The conversation around 24/5 trading continues to gain momentum, but the data suggests we’re still some way from a truly round-the-clock market. 

Market disruptions can lead to unexpected changes to the trading day.

If you google the question, “Why does China have only one time zone?”, you’ll get a response to the effect that it promotes national unity and centralized administration while preventing regional confusion and standardizing work and broadcast schedules.

Time zones are a real-world form of 21st-century time travel. Whether you’re planning meetings, coordinating global teams, or tracking markets, we provide reliable time zone data for 380 cities across 238 countries and territories.

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. 

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

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.

The weeks ahead feature a dense schedule of ECB-related events, set to provide a steady stream of signals for Eurozone markets. 

June 19 is a US holiday. But the impact extends far beyond US borders—affecting financial centers across 25 countries, from the Americas to Europe and Asia.

The FTSE UK Index June review isn’t a single-day event. It’s a multi-stage process which unfolds across several weeks and we help you track every phase of the FTSE reconstitution cycle.

Over 80 countries observed the Eid Al Adha holiday between May 24 and June 1. Yet less than 40% of them did so on the dates set out in their “official” calendar.

“It’s a holiday” is rarely the full story.
Take Malaysia’s first week of June, which has three different holidays.

On May 25, most of Hong Kong observes Buddha’s Birthday, a public holiday. However, trading in certain HKEX contracts open on this holiday.  Adding to the complexity, it is also a holiday in the UK and the US — creating a nuanced operational scenario.

In several countries, holiday schedules are adjusted and a day that would typically be a weekend suddenly becomes a working day. At Swaps Monitor, we ensure these exceptions are accurately reflected in our data.

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.

For over 10 years, the Belgian CPI numbers have been released within the same 11:00–11:30 a.m. window — every single month.
On April 29, they weren’t.

On 27th April, NSE International is rolling out new market timings across its derivatives segments. The changes also affect Nifty contracts on GIFT Connect.

ICE Endex and ICE Futures Europe have modified trading hours for their Energy and Power contracts. At Swaps Monitor, staying on top of market structure changes like this is exactly what we do — so you can stay informed and act with confidence.

April marks the two-year anniversary of our rebranding as Swaps Monitor — and just like everything we do, our logo reflects our commitment to delivering the most accurate, reliable, and timely data humanly possible.

Since 1997, there have been over 30 instances of governments declaring holidays to celebrate a sporting event or triumph. At Swaps Monitor, we monitor every holiday — planned and ad-hoc.

Between now and April 20, 26 exchanges will adjust their regular trading hours. In a world where timing is everything, stay ahead with our Trading Hours data. For any given trade data, our “New Hours” feature highlights new session times.

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

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

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

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

The holy month of Ramadan will start between February 18 and 20, depending on the country. For the financial markets, this means changes to holidays, trading hours, and clocks across multiple countries.

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. 

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

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. 

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

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.

From last-minute holiday changes to modified trading hours, the year reinforced why accurate data matters more than ever.

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

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. 

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

Four times a year, US markets face Triple Witching – the simultaneous expiration of stock options, index options, and index futures. 
Make informed decisions before the volatility arrives. 

On December 8, NSE and BSE introduced a Pre-Open Session for the Equity Derivatives segment. Market adjustments can be complex — we make them simple to navigate.

Earlier this year, BME introduced the first standardized European-style cash-settled stock options in Europe. As new alternatives emerge, we at Swaps Monitor help market participants stay current with the key components of smooth trading.

Global trading schedules are complex. At Swaps Monitor, we provide precise trading times and trade dates, including any disruptions, helping our customers stay fully aligned with market conditions.

Perpetual futures — often called perps — are the new trend in digital-asset trading. At Swaps Monitor, we are committed to supporting your trading needs as new products emerge. We provide the trading hours, holiday calendars, and contract specs you need to trade with confidence.

This week, we achieved another major milestone: We now anticipate the open and close times for more than 3,000 markets worldwide. 

What might appear to be a simple administrative shift triggers major adjustments across the trading landscape. At Swaps Monitor, we provide precise, real-time visibility into every DST change and every exchange trading window – down to the second.

Never Miss a Deadline!
Reflecting our relentless commitment to expanding our coverage, this week our Expiry Dates product exceeded 1,500 futures and options contracts across 65+ global exchanges.

Diwali is the biggest holiday of the year in India. Nonetheless, the Indian equity and futures markets are open for “Muhurat” trading for a portion of the day. At Swaps Monitor, we not only keep you informed of when this special session occurs but also provide the exact trading timings, helping you take full advantage of this auspicious opportunity for a prosperous year ahead.

We are pleased to announce the addition to our global trading venue coverage of 24X National Exchange.

38 years strong! Thank you to our incredible team, valued customers, and trusted partners for making this journey possible.

As of 12:01 AM ET on Wednesday, October 1, 2025, the U.S. federal government has officially entered a shutdown. This development has immediate implications for financial markets, particularly around the release of key economic indicators.

Every trade matters and at Swaps Monitor, we understand that. Over the past two weeks, Nepal has been caught in a fresh wave of political instability, injecting significant uncertainty into its financial markets. In times of uncertainty, one thing is certain: we’re on top of it.

Deutsche Börse will soon implement a Retail Trading Service Extension, along with modifications to the Opening Auctions and Trading at Close sessions for selected segments of its main market.

At Swaps Monitor, we proactively track and update our clients on market holidays and trading disruptions—ensuring you’re always in sync with the markets. 

We are pleased to announce an enhancement to the supporting information within our Futures and Options Expiry Dates product. As of today, we cover over 1,400 futures and options contracts across more than 65 global exchanges. 

As Federal Reserve Chair Jerome Powell prepares to speak at the upcoming Jackson Hole Symposium on Friday, August 22, 2025, at 10:00 AM, bond traders are bracing for a pivotal moment that could shape monetary policy expectations for the remainder of the year. 

The August 2025 MSCI reconstitution is fast approaching — for investors, traders, and institutions, timing is everything. 
Market participants are watching closely for potential inclusions and exclusions, as these moves can trigger significant momentum in the affected stocks. 
🔍 What is index reconstitution?

One of the core challenges in FX trading is knowing exactly when a currency is on holiday — and it’s not always as simple as checking a public calendar.
💡 That’s where we come in.

In a world driven by real-time market data and complex algorithmic infrastructure, one of the most overlooked — yet critical — aspects of global financial markets is the definition of business days for derivatives.

Anyone can find out when the next bank holiday is in New York. That’s easy — it takes a quick Google search.
But what about knowing if banks in Hong Kong are closed because of a Black Rainstorm Warning? Or if financial markets in Iran are shut to conserve electricity? Or confirming that Prayer Day in Liberia, heavy rainfall in Metro Manila, or Election Day in Togo will disrupt banking operations?

Swaps Monitor data incorporates all the nuances — local currency holidays, special business day conventions like Modified Following or End of Month adjustments, and even those tricky cases where USD acts as the intermediate currency. With Swaps Monitor, you never have to second-guess whether a date is valid or not.

At Swaps Monitor, we provide financial institutions with the most accurate, consistent, and reliable historical, current, and forward-looking holidays, trading hours, expiry dates, and other events. We take the heavy lifting out of researching, cleaning, organizing, and labelling this data—so you can focus on running your business.

We are pleased to announce that we are now publishing trading hours data for Nextrade, Korea’s first alternative trading platform and the country’s second official stock trading venue, operating alongside the Korea Exchange (KRX).

We are thrilled to announce the addition of comprehensive trading hours for Coinbase Derivatives, empowering you to anticipate, monitor, and respond seamlessly to the open and close times of every trading session.

We’re proud to announce that Swaps Monitor will be a Principal Sponsor of TradeTech 2026 – the premier equity trading event in Europe.
📍 Amsterdam
📅 April 21–23, 2026

We are proud to be attending Europe’s premier equity trading event, where industry leaders gather to shape the future of markets. Let’s connect to discuss everything from market holidays and trading hours to expiry dates, time zones, and key economic events.

We are pleased to announce the expansion of our global trading venue coverage with the addition of Blue Ocean Technologies. Effective immediately, we are now publishing comprehensive holiday and trading hours data for Blue Ocean’s ATS, a rapidly growing U.S.-based alternative trading system specializing in after-hours trading of cash equities.

We’re proud to share a major milestone: Swaps Monitor now projects and tracks holidays for over 2,000 financial centers in more than 230 countries — extending all the way through the year 2250. This represents one of the most comprehensive and future-ready datasets available today, covering virtually every country in the world.

We are pleased to announce its membership in the Financial Information Services Association (FISD), a global forum that brings together stakeholders from across the financial information industry.