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Forex Brokers to Change Trading Schedule due to Daylight Saving Time

2021-03-11 Brokersview

In the past two days, multiple forex brokers including Admiral Markets, Dukascopy, Alpari and Nadex have announced changes to the trading schedule as Daylight Saving Time will come into effect in the USA on Sunday, 14 March 2021.  

Admiral Markets, which will rebrand to Admirals on the eve of the firm's 20th anniversary, has informed that between session opening on Monday, March 15, through session close on Friday, March 26, trading hours will be shifted one hour back to coincide with the close of US markets.

This change impacts:

· Forex Spot (currency pairs)

· US Commodities CFDs

· US Indices CFDs and US Treasury Note CFD

· US Stocks CFDs/US Stocks and US ETF CFDs

· EU CFD Indices DAX30 and FTSE100 night breaks

Forex trading opening hours on Monday, March 15 (00:05 EET) won't be affected. The closing time on Friday, March 26 will be at 22:59 EET. Despite this change, Admiral Markets will continue to operate on Eastern European Time (EET).

Dukascopy will change its market opening and settlement time from 22:00 GMT to 21:00 GMT effectively this Sunday 14 March 2021. The broker also posted on its website a list of the CFDs and metals for which the Summer Trading time will be applied.

Following the Summer Trading time caused by US Daylight Saving Time taking effect from March 15 to 26, the world's largest MT4 forex broker Alpari will make changes to its trading schedule again on 29 March as Daylight Saving Time will come into effect in European countries on 28 March 2021.

Additionally, Nadex informed in its announcement that all Japan 225 and China 50 contracts will open and close one hour later than their regular defined times during US daylight savings time.

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