For instance, Paris is open from 9am to 5.30pm local time, but Lisbon operates from 8am to 4.30pm local time to ensure that their hours align.* Neither of these exchanges stop for a lunch break.Īnother European stock exchange is the London Stock Exchange (LSE), which is one of the largest and most prestigious exchanges in the world. However, because the hours are fixed across multiple locations they do vary in terms of local hours. Opening and closing times for the Euronext exchanges are identical – 8am to 4.30pm (GMT) Monday to Friday. The Euronext exchange is the largest in Europe and has locations in Paris, Amsterdam and Lisbon, as well as others. In Canada, these include Thanksgiving (second Monday in October for Canada), Remembrance Day (11 November), Boxing Day (26 December) and Canada Day (1 July). The Toronto stock exchange operates during the same hours as the NYSE and the NASDAQ, and it is also closed on public holidays. The other major stock exchange on the North American continent is that in Toronto, Canada’s largest city. Equally, orders may be partially filled, meaning that a seller might get a worse price than they had expected for their sale.Īmerican markets are also closed for public holidays, some of which include Thanksgiving (fourth Thursday of November), New Year’s Day (1 January), Independence Day (4 July) and President’s Day (third Monday in February). However, the risk of trading during extended hours is that there may be less liquidity in the markets because the majority of people will have stopped trading for the day. The NYSE and NASDAQ both offer after-hours trading between 4pm and 8pm local time (9pm to 1am GMT).* This means that trades can still be executed after the exchange itself has shut for the day by using electronic communication networks which match buyers and sellers automatically.īy extending their market opening times in this way, the NYSE and NASDAQ ensure that a higher number of trades can be processed in a single day, often entirely by these electronic systems. They trade from 9.30am to 4pm local time (2.30 to 9pm GMT), Monday to Friday, and do not stop for lunch.* North America boasts two of the largest stock exchanges in the world: the New York Stock Exchange (NYSE) and the NASDAQ. Slippage occurs because the price may change through the night and be different once the opening bell is rung.ĭeutsche Boerse (Frankfurt Stock Exchange)īolsa de Valores de Sao Paulo (Brazilian Stock Exchange) However, if a trader does this, their trade may experience slippage from when it was requested to when it was executed. If a trade is made outside of a stock exchange’s trading hours, it will normally be added to a queue of trades that will be executed once the market has opened for that day. By having set hours for trading, stock exchanges ensure that there is concentrated liquidity between their opening and closing bells, rather than sporadic trades throughout the day on a 24-hour basis.
Stock market opening times differ by region in order to facilitate the greatest concentration of buyers and sellers during these hours for local – but also international – market participants. Why do stock exchanges have different trading hours? Stock exchanges are also typically closed on public holidays, which differ for each country around the world. This is different for some Middle Eastern exchanges like the Tehran Stock Exchange which operates from Saturday to Wednesday. Some stock exchanges such as a majority of those in Asia stop for a lunch break, while others – including those in Europe and North America – do not.
Most stock markets around the world will be open for trading from Monday to Friday, and will be closed on the weekends. Stock market opening times vary in each country, depending on the local working hours and culture.
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