Monday 29 May 2023

ICE announces temporary change to opening times for Coffee “C” Contract

Must read

NEW YORK, U.S. – Effective with the start of trading for trade date Monday, March 14 and through and including trade date Thursday, March 24, 2016 (the Exchange will be closed for trading on Friday March 25, in observation of the Good Friday holiday), the Exchange is implementing a temporary change to the open times for Sugar No. 11, Coffee “C” and Cocoa futures and option contracts.

On each day in this period the opening times for these contracts will be:
• Sugar No. 11: 4:30 am NY time
• Coffee “C”: 5:15 am NY time
• Cocoa: 5:45 am NY time

In addition, for this same period the Exchange is implementing a temporary change to the daily settlement window for Cocoa futures and options contracts.

For this period only, the daily settlement window for Cocoa will be from 12:48 to 12:50 pm; at the end of this period the window will revert to the normal 11:48 to 11:50 am time.

Due to this temporary change to the settlement window, during this period Trade at Settlement (or “TAS”) trading for Cocoa will end at 12:50 pm each day instead of the normal 11:50 am time. (Please note that trading in the expiring March 2016 Cocoa future contract on its last trading day – 3/15/16 – will also end at 12:50 pm.)

Other trading times for these products – including the Pre-Open time, the Daily Close of Trading, and the Daily Settlement Window for Sugar No. 11 and Coffee “C” contracts – remain unchanged during this period as expressed in NY local times.

This temporary change to the referenced times for these products is due to the start of Daylight Savings Time in the U.S. on March 13, and will last until the start of British Summer Time on March 27.

Traders outside the US should be aware that DST in the US starts on March 13, and that this may impact their local time corresponding to the New York Pre-Open, Daily Settlement Window and Daily Close of Trading times.

Latest article