Trading Sessions

Trading Phases and trading hours for the different products (in Malaysian Time):

Trading Phases	Financial Futures (SSFs/FKLI/ OKLI)	Non-Equity Financial Futures (FKB3/FMG3/ FMG5/FMGA)	Commodity Futures (FCPO/FUPO/ FPKO)
Pre Opening	8:15:00	8:30:00	10:00:00
No Cancel	8:44:30	8:59:30	10:29:30
Trading	8:45:00	9:00:00	10:30:00
Intra Day Pause	12:45:00	12:30:00	12:30:00
Intra Day Pre-Open	14:00:00	14:00:00	14:30:00
No Cancel	14:29:30	14:29:30	14:59:30
Trading	14:30:00	14:30:00	15:00:00
Market Close/Surveillance	17:15:00	17:00:00	18:00:00 (FCPO/FUPO) 18:05:00 (FPKO)
End of Day	17:30:00	17:15:00	18:15:00 (FCPO/FUPO) 18:20:00 (FPKO)

During each trading session, all futures contracts transition through these predefined states:

1. Pre-Opening
   
   A predetermined time before the trading session opens when customers can begin entering, modifying and canceling orders for the trading day.
   
   
   
2. No-Cancel
   
   A predetermined time before the session opens when traders can only enter orders for the trade date but cannot cancel, execute or modify orders.
   
   
3. Continuous Trading
   
   The period of time when orders are sent and matched in real time, based on the product’s trading times.
   
   
4. Intra Day Pause refers to the morning session close.
   
   
5. Intra Day Pre-Open refers to the afternoon session Pre-Opening.
   
   
6. Market Close/Surveillance relates to the period of time that begins when CME Globex sends the notification that trading has ended for a group of products for the trade date. During this time, only order cancellation can occur.
   

The ability to enter, modify or cancel orders varies according to the CME Globex predefined state, as the chart below shows: