03-05-2013 12:12 PM
the idea of doing away with the morning break, i thought, was to level playing field with ALL other financial markets-----now, they bring it back??
Is it a nostalgia kinda thingy perhaps?
03-05-2013 12:15 PM
It's the day of trading hour changes. Now, the Minneapolis Grain Exchange has announced new trading hours. On Tuesday, the MGEX released the following statement:
MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), today announced new trading hours for futures and options contracts in the Hard Red Spring Wheat (HRSW) and Index contracts beginning with the Monday, April 8, 2013 trade date, pending CFTC review.
The new trading hours for HRSW are as follows:
• Sunday to Friday, electronic trading from 7:00 p.m. to 7:45 a.m. CT;
• Monday to Friday, break in electronic trading from 7:45 a.m. to 8:30 a.m. CT;
• Monday to Friday, electronic trading and open outcry options from 8:30 a.m. to
1:30 p.m. CT. The contract settlement period for HRSW will be 1:14:00 p.m. to 1:14:59 p.m. CT.
The new trading hours for all Index contracts will be Sunday to Friday, 7:00 p.m. to 1:45 p.m. CT.
Additionally, the cash market hours at MGEX become 9:30 a.m. to 1:30 p.m. CT Monday through Friday.
Trading hours for the Apple Juice Concentrate (AJC) contract remain unchanged from Monday to Friday, 7:00 a.m. to 1:10 p.m. CT.
Hope this helps,
03-05-2013 01:37 PM
03-05-2013 07:03 PM
I guarantee you------------ I understand.
The idea that the 3 a.m. jump or dip is controlled by somebody other than the folks I have a little confidence in, unnerves me also.
If i check at 3 then I gotta find the reports that back it up.
Anyway I said it with a little humor, but with much of my humor there is a serious or ironical side.
I was not comfortable with the "all night"/"cater to the world" hours from the start.
We have the reliable production and the most reliable trading forum. Let the world come to us if they want the use of our marketing.
That is what we had---- what more were we to gain.
Get some rest, Gio ---------------- I feel for the guys who are trading the rollercoaster we have. Opportunities are there but the predictability and dependability is not.
03-05-2013 07:42 PM - edited 03-05-2013 08:10 PM
That is why I trade 2 or 3 days out of the week. I wait for an opportunity, The other days I just read, and read and study the market.