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Trading phases

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.

Overview of content

Order restrictions by trading period

With the beginning of the pre-trading period, Eurex participants are able to enter orders. There are restrictions, however, on the types of orders that may be entered outside the main trading period. The chart below illustrates which types of orders can and cannot be entered during the various periods of the trading day:

Order TypePre-trading Pre-opening TradingPost-trading
Market orderYesYesYesYes
Stop order (futures contracts)YesYesYesYes
Restricted limit order (IOC)NoNoYesNo
Unrestricted limit order
(GFD, GTC, GTD)
YesYesYesYes
Futures combinationYesNoYesYes
StrategiesNoNoYesNo

IOC: Immediate or cancel
GFD: Good-for-day
GTC: Good-till-cancelled
GTD: Good-till-date

Additional restrictions apply for the different phases of the post-trading period:

 Post-trading FullPost-late 1Post-late 2*Post-trading restricted
Eurex Trade Entry ServicesYesNoNoNo
Give-up/Take-up*YesYesNoNo
Trade adjustment/exerciseYesYesYesNo

* for interest rate options on the last trading day only

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Market Status

XEUR

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Parts of the trading system are currently experiencing technical issues

The trading system is currently experiencing technical issues

Production newsboard

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.

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.