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TOP > Trading Guide : Trading Hours / Clearing Period
Trading Guide
Trading Hours / Clearing Period

Session Trading Continuous Trading

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Trading Hours

Day Session Night Session
Agricultural Market (8:30 〜 )
9:00 〜 15:30		 (16:45 〜 )
17:00 〜 23:00
Rice Futures 17:00 〜19:00
Sugar Market
Note:
* The time in parenthesis is when orders are accepted.
* Due to the policy of the broker member, there may be a difference in the time from the Exchange for order submittance.
* There is no lunch break.


Trading Schedule
Starting Time Continuous Trading
8:30 Pre-open for Day Session order submissions
9:00 Matched at a single price for the Day Session
9:00 - 15:30 Day session
16:45 Pre-open for Night Session order submissions
17:00 Matched at a single price for the Night Session
17:00 - 23:00 Night Session


Clearing Calculation Period
The clearing calculation period is “the evening session of the previous business day (17:00-23:00) + the day session of the current business day (09:00-15:30)”. In other words, evening session trades are cleared as the following business day’s trade.

For example
Date traded 25th(Thu) 26th(Fri) 27th(Sat) 28th(Sun) 29th(Mon) 30th(Tue)
Session Day Night Day Night Day Night Day Night Day Night Day Night
Day cleared
Clearing for the evening session of the 25th and the day session of the 26th will take place on the 26th(Fri) Clearing for the evening session of the 26th and the day session of the 29th will take place on the 29th(Mon) Clearing for the evening session of the 29th and the day session of the 30th will take place on the 26th(Fri)

On the last business day of the calendar year no evening session will take place therefore the clearing calculation period for the first business day of the calendar year will be only the day session of the first business day of the calendar year. The clearing calculation period for the evening session of the first business day of the calendar year shall be the following business day.

Trading on the last trading day of the spot month
Trading on the last trading day of the spot month shall expire at the same time as the day session (-15:30). The evening session on the last trading day of the spot month will take place without the contract month that has expired.

Example:
If the last trading day of the Corn May contract month is April 15th, on April 15th the day session will trade 6 contract months while the evening session will trade the remaining 5 contract months without the Corn May contract month.

First trading day
The first trading day of the new contract month will be the following business day of the last trading day of the spot month. Trading will begin from the day session (9:00-).

Example:
If the first last day of the Azuki (red beans) June contract month is June 25th, day session on the 25th will trade 6 contract months and the evening session on that day will trade the remaining 5 contract months without the expired the Azuki (red beans) June contract month. June 26th, the following business day, will trade 6 contract months including the most forward new contract month.



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