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Daily maintenance break

The short daily pause in electronic futures trading when the exchange rolls the trade date and runs settlement processing.

CME products stop for roughly an hour each weekday afternoon, typically 5:00-6:00pm Eastern. It is not a trading-halt: it is scheduled, and it separates one trade date from the next.

Positions carry through, but resting orders behave differently depending on their duration: a day order dies at the break while a good-till-cancelled order survives. Misunderstanding this leaves traders unprotected overnight.

Example: a stop placed as a day order on Tuesday afternoon is cancelled at 5:00pm. If the trader assumed it was still working, the overnight position has no stop at all.

Related: globex, good-till-cancelled, day-order, daily-settlement, overnight-session

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