Global Market Hours

Saanando Das
 Major Market Hours (FX)
• 4 major markets – Sydney (Australia), Tokyo (Japan), London (U.K.) and New York (U.S.)

•The FX market wakes up at 3:15 am Indian time in Fiji – but nothing happens almost till the next
major market – spreads remain large
• The first big market is the Australia and New Zealand market – it begins at 4 am Indian time and
ends around 12:30 Indian Standard Time
•Tokyo market begins at 5 am Indian time and ends around 13:30 IST
•London market hours ( 12:30 IST to 21:30 IST)
•New York market hours – 17:30 IST to 2:30 IST (next day)
Major Market Hours (FX)
 Over-lapping sessions(FX)
London & NY - 17:30 – 21:30 IST
Tokyo & London - 12:30 – 13:30 IST
Sydney & Tokyo - [23:00 - 07:00] IST
Overlapping trading hours contain the highest volume of traders.
Major Market Hours (stocks)
 Over-lapping sessions(Nifty)
Nifty & London [12:30 – 15:30] IST
Nifty & Xetra (German) [12:30 – 15:30] IST
Nifty & Hong Kong [9:15 – 13:30] IST
Nifty & Tokyo [9:15 – 11:30] GMT
Nifty & Sydney [9:15 – 11:30] GMT
Overlapping trading hours contain the highest volume of traders, especially the nifty-London
hours