Hours & Holidays
2025 Futures Settlement Calendar2024 Futures Settlement Calendar
CFE Trading Hours
(all times are Central Time)
VX/VXM Futures
| Trading State | Sun | Mon-Thurs | Fri |
|---|---|---|---|
| Pre-Open | 4:00 p.m. | 4:45 p.m. | |
| Open | 5:00 p.m. | 5:00 p.m. | |
| Post Settlement Start Time | 3:00 p.m. | 3:00 p.m. | |
| Close | 4:00 p.m. | 4:00 p.m. | |
| Close Time for Expiring Instruments | 8:00 a.m. on expiration Wed | ||
| Market Order Acceptance Time | 8:30 a.m. – 3:00 p.m. | 8:30 a.m. – 3:00 p.m. | |
| Limit Up/Limit Down Start Time | 5:00 p.m. | 3:00 p.m. and 5:00 p.m. | 3:00 p.m. |
| Limit Up/Limit Down End Time | 8:30 a.m. and 4:00 p.m. | 8:30 a.m. and 4:00 p.m. |
VXT/VXMT Futures
| Trading State | Sun | Mon-Thurs | Fri |
|---|---|---|---|
| Pre-Open | 4:00 p.m. | 4:45 p.m. | |
| Open | 5:00 p.m. | 5:00 p.m. | |
| Close | 3:00 p.m. | 3:00 p.m. | |
| Close Time for Expiring Instruments | 3:00 p.m. on Tue prior to expiration Wed |
VA Futures
| Trading State | Sun | Mon-Thurs | Fri |
|---|---|---|---|
| Pre-Open | 5:00 p.m. | 5:00 p.m. on prior calendar day | 5:00 p.m. on prior calendar day |
| Open | 8:30 a.m. | 8:30 a.m. | |
| Close | 3:15 p.m. | 3:15 p.m. | |
| Close Time for Expiring Instruments | 3:15 p.m. on day prior to final settlement date |
IBIG Futures
| Trading State | Sun | Mon-Thurs | Fri |
|---|---|---|---|
| Pre-Open | 4:00 p.m. | 4:45 p.m. | |
| Open | 5:00 p.m. | 5:00 p.m. | |
| Post-Settlement Start Time | 3:00 p.m. | 3:00 p.m. | |
| Close | 4:00 p.m. | 4:00 p.m. | |
| Close Time for Expiring Instruments | 3:00 p.m. on final settlement date | ||
| Limit Up/Limit Down Start Time | 5:00 p.m. | 3:00 p.m. and 5:00 p.m. | 3:00 p.m. |
| Limit Up/Limit Down End Time | 8:30 a.m. and 4:00 p.m. | 8:30 a.m. and 4:00 p.m. |
IBHY Futures
| Trading State | Sun | Mon-Thurs | Fri |
|---|---|---|---|
| Pre-Open | 4:00 p.m. | 4:45 p.m. | |
| Open | 5:00 p.m. | 5:00 p.m. | |
| Post-Settlement Start Time | 3:00 p.m. | 3:00 p.m. | |
| Close | 4:00 p.m. | 4:00 p.m. | |
| Close Time for Expiring Instruments | 3:00 p.m. on final settlement date | ||
| Limit Up/Limit Down Start Time | 5:00 p.m. | 3:00 p.m. and 5:00 p.m. | 3:00 p.m. |
| Limit Up/Limit Down End Time | 8:30 a.m. and 4:00 p.m. | 8:30 a.m. and 4:00 p.m. |
IEMD Futures
| Trading State | Sun | Mon-Thurs | Fri |
|---|---|---|---|
| Pre-Open | 4:00 p.m. | 4:45 p.m. | |
| Open | 5:00 p.m. | 5:00 p.m. | |
| Post-Settlement Start Time | 3:00 p.m. | 3:00 p.m. | |
| Close | 4:00 p.m. | 4:00 p.m. | |
| Close Time for Expiring Instruments | 3:00 p.m. on final settlement date | ||
| Limit Up/Limit Down Start Time | 5:00 p.m. | 3:00 p.m. and 5:00 p.m. | 3:00 p.m. |
| Limit Up/Limit Down End Time | 8:30 a.m. and 4:00 p.m. | 8:30 a.m. and 4:00 p.m. |
IBYO and IBGO Options on Futures
| Trading State | Sun | Mon-Thurs | Fri |
|---|---|---|---|
| Pre-Open | 5:00 p.m. | 5:00 p.m. | |
| Open | 8:30 a.m. | 8:30 a.m. | |
| Close | 3:00 p.m. | 3:00 p.m. |
UX Options on Futures
| Trading State | Sun | Mon-Thurs | Fri |
|---|---|---|---|
| Pre-Open | 5:00 p.m. | 5:00 p.m. | |
| Open | 8:30 a.m. | 8:30 a.m. | |
| Close | 3:00 p.m. | 3:00 p.m. |
These charts include a high level summary of certain trading hours provisions relating to CFE products and are not intended to be a comprehensive description of those provisions. Refer to CFE rules for additional detail.