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Market Opening Times

  • #1
  • First Post: Mar 24, 2008 5:07am Mar 24, 2008 5:07am
Just curious about something that I've always wondered.

Why does the FX market "open" at 8am EST - an hour and a half before the equities market?

We all know that it's a non-centralized market - so how can there be an "open"? Do bank FX traders get to work 2 hours before the equity guys?

Just curious to hear some opinions.
  • #2
  • Mar 24, 2008 5:21am Mar 24, 2008 5:21am
Quoting lonespruce
Just curious about something that I've always wondered.

Why does the FX market "open" at 8am EST - an hour and a half before the equities market?

We all know that it's a non-centralized market - so how can there be an "open"? Do bank FX traders get to work 2 hours before the equity guys?

Just curious to hear some opinions.
I think it is a misconception to assume that FX market doesn't close. It does close. What is happening is overlap of business hours of major dealers (market participants), that have the most liquidity to move markets.
If it does not close then the use of OHLC for pivot analysis is wrong.

  • #3
  • Mar 24, 2008 5:24am Mar 24, 2008 5:24am
Quoting fxbroker
I think it is a misconception to assume that FX market doesn't close. It does close. What is happening is overlap of business hours of major dealers (market participants), that have the most liquidity to move markets.
If it does not close then the use of OHLC for pivot analysis is wrong.


okay - so is 8am the standard "opening" time for the major dealers in NY? I guess it just seems a little arbitrary to me - considering America works on the 9-5 mentality.
  • #4
  • Last Post: Apr 16, 2008 8:24am Apr 16, 2008 8:24am
The only thing I care about is that is does open so I can trade it.
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