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Exchange and Trading Hours

Exchange days, exchange and trading hours determine when trading may take place in SwissAtMid. Details of all regulations concerning times are set out in the Directive 5: "Trading without pre-trade transparency"[pdf].

On which days are trading and clearing possible?

SwissAtMid is open from Monday to Friday, except on Swiss public holidays. Exchange days are also clearing days. This means that trading takes place and that trades are forwarded to the central counterparty (CCP) or central securities depository (CSD) for clearing and settlement. In exceptional cases, SwissAtMid can also close on other days. All market holidays are listed in the trading calendar.

Trading and Settlement Calendar

At what times are trading and clearing possible?

Exchange hours are from 6 a.m. to 10 p.m. CET
Clearing hours are from 8 a.m. to 18.15 p.m CET

The trading days and hours of SwissAtMid comply with the trading hours of the Central Limit Order Book of the respective Trading Segment or security.

What exchange periods is an exchange day divided into?

SwissAtMid

Orders in SwissAtMid can only be executed when the CLOB of the respective security is in the trading status "Continuous Trading".

Book Trading Periods
CLOB Pre-Opening Opening Continuous Trading End of Trading
(Closing Auction)
Post-Trading
SwissAtMid (MPOB) Primary Condition Primary Condition Continuous Trading MPOB Post Trading MPOB Post Trading
SwissAtMid (MPOB) No executions No executions Executions No executions No executions

The opening and continuous trading periods together make up the trading day.