Trading hours

Trading phases

The trading day at Eurex typically runs from 07:30 to 22:00 CET. It consists of three phases:

  • Pre-Trading
  • Trading
  • Post-Trading.

All products are subject to these periods, although product-specific schedules apply for each period - for instance, due to different conventions in the underlying market.

Trading

During the trading period, open orders and quotes are compared continuously. All orders and quotes entered during this time that are equal to or better than existing orders and quotes on the corresponding contra-side of the order book are immediately matched. If not immediately matched, orders are held in the central order book, if appropriate. Transactions are confirmed in real time. Orders and quotes can be entered, changed or deleted as required.

Combination quotes and orders can only be entered during the trading period. Eurex Market Supervision has the option of implementing a fast market on a per-product basis in unusual circumstances, such as times of high volatility. The difference between a fast market and the normal trading period is that the parameters for maximum quote spread and minimum quote size in response to a quote request are more relaxed during a fast market, and mistrade ranges are extended accordingly.

Market Status

XEUR

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message. 

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.