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CFE Holiday Schedule


2014 CFE Holiday Calendar

New Year's Day– Wednesday, January 1
Martin Luther King, Jr. Day– Monday, January 20
President's Day– Monday, February 17
Good Friday– Friday, April 18
Memorial Day– Monday, May 26
Early Market Close– Thursday, July 3
Independence Day– Friday, July 4 (observed)
Labor Day– Monday, September 1
Thanksgiving Day– Thursday, November 27
Early Market Close– Friday, November 28
Early Market Close– Wednesday, December 24
Christmas Day– Thursday, December 25 (observed)*
New Year's Day– Thursday January 1, 2015 *

*Attention FIX users:
Please be advised that on this day all CFE FIX session sequence numbers will be reset to "1".


Holiday Session Trading Hours for VIX Futures


Trading Week with No Exchange Holiday.

Unless otherwise specified below in relation to Exchange holidays, the following schedule applies.

Type of Trading Hours

Monday

Tuesday - Friday

Extended 5:00 p.m. (Sunday) to 8:30 a.m. 3:30 p.m. (previous day) to 8:30 a.m.
Regular 8:30 a.m. to 3:15 p.m. 8:30 a.m. to 3:15 p.m.

Domestic Holidays Always Observed on Mondays.

The below schedule applies when the following domestic holidays are observed: Martin Luther King, Jr. Day, Presidents' Day, Memorial Day and Labor Day.

Type of Trading Hours

Monday

Tuesday

Extended 5:00 p.m. (Sunday) to 10:30 a.m.* 5:00 p.m. (Monday) to 8:30 a.m.
Regular None 8:30 a.m. to 3:15 p.m.

Thanksgiving.

The below schedule applies when the Thanksgiving Day holiday is observed.

Type of Trading Hours

Thanksgiving

Friday

Extended 3:30 p.m. (Wednesday)* to 10:30 a.m. 5:00 p.m. (Thursday) to 8:30 a.m.
Regular None 8:30 a.m. to 12:15 p.m.

Floating Holidays and Good Friday.

The below schedules apply when the following holidays are observed: New Year's Day, Good Friday, Independence Day (July 4) and Christmas Day. If the holiday falls on a Saturday, the holiday will be observed on the previous day (Friday), except for New Year's Day. If the holiday falls on a Sunday, the holiday will be observed on the next day (Monday). The holidays specified in the below charts refer to the day on which the Exchange observes the applicable holiday. The Exchange will typically close at 12:15 p.m. on July 3 (the day before Independence Day) and December 24 (Christmas Eve). Holiday closures and shortened holiday trading hours will be announced by circular.

If New Years Day or Christmas is on a Monday – Thursday:

Holiday

Type of Trading Hours

Holiday Observed (Monday – Thursday)

New Year's Day and Christmas Extended 5:00 p.m. (on holiday) to 8:30 a.m. (day after holiday)
New Year’s Day and Christmas Regular 8:30 a.m. to 3:15 p.m. (day after holiday)

If Independence Day is on a Monday – Thursday:

Type of Trading Hours

July 4

July 5

Extended 5:00 p.m. (July 3) to 10:30 a.m.* 5:00 p.m. (July 4) to 8:30 a.m.
Regular None 8:30 a.m. to 3:15 p.m.

If the holiday is on a Friday:

Holiday

Type of Trading Hours

Holiday Observed (Friday)

New Year's Day, Good Friday, Independence Day and Christmas Extended None
New Year's Day, Good Friday, Independence Day and Christmas Regular None

* A holiday trading session includes extended trading hours on the calendar day of the holiday and any extended trading hours for the holiday on the previous calendar day. Holiday trading sessions are not separate Business Days and are part of the next Business Day. Trading in VIX futures is halted between sessions of extended trading hours on the calendar day of a holiday. The CBOE System will complete the processing of trades that are in the course of being processed by the CBOE System prior to the start of such a halt period. Since these halt periods are a regular feature for certain holiday trading sessions in VIX futures, they shall not be considered the declaration of a trading halt by the Exchange. Trades in VIX futures made during a holiday trading session will be submitted for clearing for the next Business Day.