business Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or enterprise entered into for ...

, the trading day or regular trading hours (RTH) is the time span that a

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...

is open, as opposed to electronic or extended trading hours (ETH). For example, the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

is, as of 2020, open from 9:30 AM

Eastern Time The Eastern Time Zone (ET) is a time zone encompassing part or all of 23 states in the eastern part of the United States, parts of eastern Canada, and the state of Quintana Roo in Mexico. * Eastern Standard Time (EST) is five hours behi ...

to 4:00 PM

. Trading days are usually Monday through Friday. When a trading day ends, all trading ends and is frozen in time until the next trading day begins. There are several special circumstances which would lead to a shortened trading day, or no trading day at all, such as on holidays or on days when a

state funeral A state funeral is a public funeral ceremony, observing the strict rules of protocol, held to honour people of national significance. State funerals usually include much pomp and ceremony as well as religious overtones and distinctive elements o ...

of a

head of state A head of state is the public persona of a sovereign state.#Foakes, Foakes, pp. 110–11 " he head of statebeing an embodiment of the State itself or representative of its international persona." The name given to the office of head of sta ...

is scheduled to take place.

NYSE and NASDAQ

The NYSE and NASDAQ average about 251 trading days a year. This is from 365.2425 (days on average per year) * 5/7 (proportion work days per week) - 10 (holidays) = 250.8875 ≈ 251. The holidays where the stock exchange is closed are

New Year's Day In the Gregorian calendar, New Year's Day is the first day of the calendar year, January 1, 1 January. Most solar calendars, such as the Gregorian and Julian calendars, begin the year regularly at or near the December solstice, northern winter ...

Martin Luther King Jr. Day Martin Luther King Jr. Day (officially Birthday of Martin Luther King Jr., and often referred to shorthand as MLK Day) is a federal holiday in the United States observed on the third Monday of January each year. King was the chief spokespers ...

, Presidents' Day,

Good Friday Good Friday, also known as Holy Friday, Great Friday, Great and Holy Friday, or Friday of the Passion of the Lord, is a solemn Christian holy day commemorating the crucifixion of Jesus and his death at Calvary (Golgotha). It is observed during ...

Memorial Day Memorial Day (originally known as Decoration Day) is a federal holiday in the United States for mourning the U.S. military personnel who died while serving in the United States Armed Forces. It is observed on the last Monday of May. It i ...

Juneteenth Juneteenth is a federal holiday in the United States, federal holiday in the United States. It is celebrated annually on June 19 to commemorate the End of slavery in the United States, ending of slavery in the United States. The holiday's n ...

Independence Day An independence day is an annual event memorialization, commemorating the anniversary of a nation's independence or Sovereign state, statehood, usually after ceasing to be a group or part of another nation or state, or after the end of a milit ...

Labor Day Labor Day is a Federal holidays in the United States, federal holiday in the United States celebrated on the first Monday of September to honor and recognize the Labor history of the United States, American labor movement and the works and con ...

Thanksgiving Day Thanksgiving is a national holiday celebrated on various dates in October and November in the United States, Canada, Saint Lucia, Liberia, and unofficially in countries like Brazil and Germany. It is also observed in the Australian territory ...

, and

Christmas Day Christmas is an annual festival commemorating the birth of Jesus Christ, observed primarily on December 25 as a religious and cultural celebration among billions of people around the world. A liturgical feast central to Christianity, Chri ...

; there are also some holidays where trading is permitted, including

Columbus Day Columbus Day is a national holiday in many countries of the Americas and elsewhere, and a federal holiday in the United States, which officially celebrates the anniversary of Christopher Columbus's arrival in the Americas. He went ashore at ...

, Veterans Day, and

New Year's Eve In the Gregorian calendar, New Year's Eve refers to the evening, or commonly the entire day, of the last day of the year, 31 December, also known as Old Year's Day. In many countries, New Year's Eve is celebrated with dancing, eating, drinkin ...

. If Juneteenth, Independence Day, Christmas Day and New Year's Day fall on a weekend, the

public holiday A public holiday, national holiday, federal holiday, statutory holiday, bank holiday or legal holiday is a holiday generally established by law and is usually a non-working day during the year. Types Civic holiday A ''civic holiday'', also k ...

is observed on the preceding Friday (for a Sarturday holiday) or the following Monday (For a Sunday holiday) instead, meaning that every holiday results in one fewer trading day. Up to three trading days (July 3, the day after Thanksgiving, and

Christmas Eve Christmas Eve is the evening or entire day before Christmas, the festival commemorating nativity of Jesus, the birth of Jesus in Christianity, Jesus. Christmas Day is observance of Christmas by country, observed around the world, and Christma ...

) are shortened, ''i.e.'' the exchanges are open from 9:30AM–1:00PM, depending on where they fall in the calendar year (if July 3 or Christmas Eve fall on a weekend, the shortened day is simply skipped).

was added as a national holiday and market holiday on June 17, 2021.

Trading day time zones

Each stock exchange has opening hours that are based on specific time zones. People can trade in these exchanges remotely using

electronic trading platform In finance, an electronic trading platform, also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products ...

s. For those trading in different parts of the world, there are unique trading days based on the hours associated with any given time zone. For example, NASDAQ is open 9:30–16:00 ET and anyone outside of the

Eastern Time Zone The Eastern Time Zone (ET) is a time zone encompassing part or all of 23 U.S. states, states in the eastern part of the United States, parts of eastern Canada, and the state of Quintana Roo in Mexico. * Eastern Standard Time (EST) is five ...

will have a different trading day (for example, in Vancouver a trading day would run from 6:30–13:00). During the part of the year when North America is on standard time, it would be 17:30–24:00 in Moscow, and in Shanghai it would be 22:30–5:00. Remote traders should find their trading hours based on the stock exchange's hours and time zone.

References

{{reflist Share trading

NYSE and NASDAQ

Trading day time zones

See also

References