TEMPORARY CHANGES TO OPENING TIMES FOR SUGAR NO. 11®, COFFEE “C†®
AND COCOA CONTRACTS, AND TO THE DAILY SETTLEMENT WINDOWS FOR
COFFEE “C†AND COCOA CONTRACTS
Temporary Trading Hour Changes
Effective with the start of trading for trade date Monday, March 15 and through and including trade date
Friday, March 26, 2020, the Exchange is implementing temporary changes to the open times for Sugar No.
11, Coffee “C†and Cocoa futures and option contracts. On each day in this period the opening times for
these contracts will be:
Sugar No. 11: 4:30 am NY time
Coffee “Câ€: 5:15 am NY time
Cocoa: 5:45 am NY time
Temporary Settlement Window Changes
The Exchange is also implementing temporary changes to the daily settlement window for Coffee “Câ€â€ and
for Cocoa futures and options contracts for this same period. For this period, the daily settlement window
for Coffee “C†futures and options contracts will be from 1:23 to 1:25 pm, and the daily settlement window
for Cocoa futures and options contracts will be from 12:48 to 12:50 pm. At the end of this period the
settlement windows for these contracts will revert to the normal times for each product.
Due to this temporary change to the settlement windows for these products, during this period Trade at
Settlement (or “TASâ€) trading for Coffee “C†futures contracts will end at 1:25 pm and TAS trading for
Cocoa futures contracts will end at 12:50 pm each day instead of the normal times.
Last Trading Day Hours
Please note that trading in the expiring March 2021 Coffee “C†futures contract on its last trading day
(3/19/21) will end at 1:25 pm, and that trading in the March 2021 Cocoa future contract on its last trading
day (3/16/21) will end at 12:50 pm.
Other trading times for these products – including the Pre-Open time, the Daily Close of Trading, and the
Daily Settlement Window for Sugar No. 11 contracts – remain unchanged during this period as expressed
in NY local times.
This temporary change to the referenced times for these products is due to the start of Daylight Savings
Time in the U.S. on March 14, and will last until the start of British Summer Time on March 28. Traders
outside the US should be aware that the start of US Daylight Savings Time and/or British Summer
time may impact their local time corresponding to the relevant Pre-Open, Daily Settlement Window
and Daily Close of Trading times of any product.
