Trading Hours

Trading Hours

Discover our Exchange Days, Exchange Hours and Trading Periods

On Which Days Are Trading and Clearing Possible?

Exchange days, exchange hours and trading periods determine when trading may take place on the Swiss Stock Exchange. The Swiss Stock Exchange 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 can be forwarded to the central counterparty (CCP) or central securities depository (CSD) for clearing and settlement.

In exceptional cases, the Swiss Stock Exchange can also close on other days. All market holidays are listed in the trading and currency holiday calendar. Details of all regulations concerning times are set out in Directive 3: Trading, and further information on the exchange hours is available in the Trading Guides.

Your Benefits on the Swiss Stock Exchange

At What Times Are Trading and Clearing Possible?

A trading day on the Swiss Stock Exchange lasts from 06:00 to 22:00 (CET). A clearing day lasts from 08:00 to 18:15 (CET). The trading day consists of the following trading periods: Pre-opening, Opening, Continuous trading, Close of trading (with and without closing auction and Trading-At-Last) and Post-trading. The exact trading hours are specified per trading segment. The opening and continuous trading periods together make up the trading periods. Continuous trading runs from the opening to the close of trading (with and without closing auction and Trading-At-Last).

The Exchange specifies the trading days in the trading calendar. In special situations the Exchange may modify trading days and clearing days as well as trading hours. Continuous trading may be extended or curtailed for individual securities, for entire market segments or even for the market as a whole. For individual stocks or entire market segments, trading may be temporarily suspended. There will then be no opening of, or continuous trading in the market for these securities.

About This Service

Opening and Close of trading on the Swiss Stock Exchange are defined per trading segment. The individual securities in the various segments open at a random time interval of two minutes. The random time is meant to make it difficult to manipulate prices. Orders entered before opening of a given issue are factored into the opening price.

In the trading segments Shares and Investment Funds an auction is conducted from 17.20 to 17.30. In the trading segments ETFs, ETPs and Sponsored Funds an auction is conducted from 17.30 to 17.35.

Resources

Each trading day on the Swiss Stock Exchange is divided into five exchange periods. The times of the exchange periods vary according to the trading segment and market model. Continuous trading runs from the opening to the close of trading (with and without closing auction).

Trading Hours

Central Limit Order Book (CLOB)

Securities

Opening

Close

Bonds - CHF Swiss Confederation and Swiss Pfandbriefe

08:30

17:00

Shares and Investment Funds

09:00

17:30 *

Rights and Options

09:15

17:15

Bonds - CHF

09:30

17:00

* In the trading segments Shares and Investment Funds an auction is conducted from 17.20 to 17.30. In the trading segments Blue Chip Shares and Mid-/Small-Cap Shares Trading-At-Last (TAL) is conducted until 17:40.

Quote Driven Market (QDM)

Securities

Opening

Close

Bonds - Non CHF

08:30

17:00

ETF on Bonds of the Swiss Confederation

09:00

17:00

ETF, ETSF and ETP

09:00

17:30 **

Sponsored Funds

09:15

17:30 **

** In the trading segments ETFs, ETPs and Sponsored Funds an auction is conducted from 17.30 to 17.35

Price Validation Market (PVM)

Securities

Opening

Close

Structured Products

09:15

17:15