Info and Market Times

Last Update March 28th 2024

Available Markets

Directa allows you to operate on the following markets and circuits:

in Italy

on MTA Euronext Milan (equities) both during daytime trading hours and in the evening (TAH), on SEDEX (warrants and covered warrants), on MTF (ETF, OICR), on MOT (stocks and bonds) and on IDEM (Mibo options, FTSE MIB Futures)

in Europe

on EuroTLX (a selection of French and German government bonds, in addition to Italian securities also traded on MOT), on Eurex (Eurostoxx50 options, DAX 30 options, Dax Future, EuroStoxx50 Future, Euro Bund Future), on XETRA (DAX, MDAX, SDAX, TechDAX,...), on Cboe (European blue chips), on LMAX Exchange (Currency pairs, Commodities and Indices CFDs, Cryptocurrencies), on Spectrum Markets (the MTF that offers trading on certificates 24 hours a day, 5 days a week)

in United States

on NYSE, NASDAQ (with access via Market Maker or ECN), AMEX (including the main ETF), OTC and CME (E-mini Nasdaq 100, E-mini S&P 500, E-mini EuroFX, ...)

Market Hours (CET)

ITALY
Market	Preopening	Opening	Continuous Trading	Closure	Evening
BORSA
MTA Euronext Milan, FTSE MIB	07.30 - 09.00.59 (*1)	09.01	09.01 - 17.30	17.30 - 17.35.59 TAL (*1) 17.36 - 17.40	18.00 - 20.30
MTA Euronext Milan others (*2) BITGEM Euronext Star Milan	07.30 - 09.00.59 (*1)	09.01	09.01 - 17.30	17.30 - 17.35.59 TAL (*1) 17.36 - 17.40
Euronext Growth Milan (EGM, ex AIM)	07.30 - 09.00.59 (*1)	09.01	09.01 - 17.30	17.30 - 17.35.59 TAL (*1) 17.36 - 17.40
SEDEX	7.30 - 7.59.59 7.30 - 9.04.59 depending on financial instruments		09.05 - 17.30 08.00 - 20.30 08.00 - 22.00 depending on financial instruments
Cert-X Certificates	7.30 - 9.04.59		09.05 - 17.30
ETF Plus	07.30 - 09.03.59 (*1)	09.04	09.04 - 17.30	17.30 - 17.35.59 TAL (*1) 17.36 - 17.40
ATFund OICR	7:30 - 10:40 (10:40 cut-off time)	10:40 - 11:10 Confirmation Phase (*3)	11:10 - 15.00 (15:00 Execution Time)	15:00 - 18:35
Euronext MIV Milan -Closed funds -Investment Companies -Real investment Companies	07.30 - 09.00.59 (*1)	09.01	09.01 - 17.30	17.30 - 17.35.59 TAL (*1) 17.36 - 17.40
MOT	08.00 - 09.00.59 (*1)	09.01	09.01 - 17.30	17.30 - 17.35.59 TAL (*1) 17.36 - 17.42
IDEM
FTSE MIB Mini FTSE MIB Micro FTSE MIB	07.30 - 08.00 (*1)	08.00	08.00 - 22.00
Options MIBO	7:30 - 9:00:59		09.01 - 17.30

EUROPA
Market	Pre-opening	Opening	Continuous trading	Closure
EuroTLX
Italian and foreign securities			09.00 - 17.30
EUREX
Futures, indices/sectorial indices	01.00 - 01.10 (*4) Auction 01.10 - 01.15		01.15 (*4) - 22.03
Futures Bund, Buxl, Schatz, Bobl	01.00 - 01.10 (*4) Auction 01.10 - 01.15		01.15 (*4) - 22.03
Futures BTP, long/short	07.30 - 08.00		08.00 - 19.03
OAT Future	01.00 - 01.10 (*4) Auction 01.10 - 01.15		01.15 (*4) - 22.03
MINI VSTOXX Future	01.00 - 01.10 (*4) Auction 01.10 - 01.15		01.15 - 22.03
MINI FDAX	01.00 - 01.10 (*4) Auction 01.10 - 01.15		01.15 (*4) - 22.03
DJ EuroSTOXX50 options DAX 30 options			08.50 - 17.30
XETRA
DAX, TecDAX (*5)	07.30 - 08.50	08.50 - 09.00	09.00 - 13.00 13.02 - 17.30	17.30 - 17.35 Trade at close: 17.35 - 17.45
MDAX e SDAX (*5)	07.30 - 08.50	08.50 - 09.02	09.00 - 13.05 13.07 - 17.30	17.30 - 17.35 Trade at close: 17.35 - 17.45
STOXX (*5)	07.30 - 08.50	08.50 - 09.04	09.00 - 13.10 13.12 - 17.30	17.30 - 17.35 Trade at close: 17.35 - 17.45
Other STOXX (*5)	07.30 - 08.51	08.51 - 09.02	09.00 - 13.15 13.17 - 17.30	17.30 - 17.35 Trade at close: 17.35 - 17.45
One Auction (*6)			07.30 - 13.25 13.30 - 20.30
Cboe (ex BATS Europe)
European Blue chips			09.00 - 17.30
Spectrum Markets - TURBO 24 on Indices, FX, Commodities and Cryptocurrencies
Trading Continuous from 11:00 PM on Sunday to 11:00 PM on Friday Daily technical closure: from Monday to Thursday, from 11.00PM to 11.05PM
Spectrum Markets - TURBOs on Equities
TURBOs on Equities - Germany			09.00 - 17.30
TURBOs on Equities - France			09.00 - 17.30
TURBOs on Equities - Italy			09.00 - 17.30
TURBOs on Equities - Netherlands			09.00 - 17.30
TURBOs on Equities - Spain			09.00 - 17.30
TURBOs on Equities - UK			09.00 - 17.30
TURBOs on Equities - Sweden			09.00 - 17.25
TURBOs on Equities - USA			Mon-Thu 10.00 - 2.00 (following day) Friday 10.00 - 23.00
TURBOs on Equities - HANG-SENG			winter time 2:15 - 20.00 summer time 3:15 - 21.00
LMAX FOREX
Currency Pairs			from Sun 23.05 to Fri 23.00 (*7)
LMAX CRYPTOCURRENCIES
Trading continuous 7 days a week. Directa weekly closing: from 3.30 am to 5.30 am every Saturday LMAX Exchange weekly closing: every Saturday from 11.00 am to 6.00 pm From Sunday to Friday, daily technical closure from 11.00 pm to 11.05 pm
LMAX CFDs on indices
Germany 30			winter time 23.00 - 22.00 summer time 24.00 - 23.00
Spain 35			08.00 - 20.00
HongKong 50			winter time 23.00 - 22.00 summer time 24.00 - 23.00
Austalia 200			winter time 23.00 - 22.00 summer time 24.00 - 23.00
All the others			00.00 - 23.00 (*7)
LMAX Commodities
Brent			02.00 - 23.00 (*8)
All the others			00.01 - 23.00 (*8)

USA
Market	Pre-market	Continuous trading	Post-market
NYSE	13.00 - 15.30 (*9)	15.30 - 22.00	22.00 - 23.00 (*9)
NASDAQ	13.00 - 15.30 (*9)	15.30 - 22.00	22.00 - 23.00 (*9)
AMEX	13.00 - 15.30 (*9)	15.30 - 22.00	22.00 - 23.00 (*9)
OTC	14.45 - 15.30	15.30 - 22.00
CME CME-FX	23.45 - 23.59	00.00 - 23.00
CME-CBOT	23.45 - 02.00	02.00 - 14.45 15.30 - 20.20

(* 1) All pre-auction phases may end at a random second within the last minute of such phases. On markets where TAL (Trading At Last) is signaled, the evening close is followed by the TAL Phase (formerly CPX), from 5:36 p.m. to 5:40 p.m., during which orders can be entered at closing price and obtain execution. Closing price orders not executed in the normal closing auction phase participate in this phase by default.

(*2) A very limited number of instruments are negotiable only during the closing auction.

(* 3) At this time, you can enter and cancel orders at best. During the day, the Italian Stock Exchange will confirm orders, but Issuers may change the NAV's execution price to the next day; in the meantime the order will be kept in the negotiating position and from 10.55am will be made irrevocable.

(* 4)When summer time is in effect, the pre-opening is postponed by 1 hour, starting at 02.00 and ending at 02.15.

(* 5) In pre-opening, from 07:50 to 08:50, quotations are not available, however, you can still enter or cancel orders. At the opening, there is the auction with random end, lasting for a maximum of 30 seconds. And then the intraday auction, during which there are two interruption minutes of continuous trading after 13:00, with slightly different timing on different segments of the market, as shown in table.

(* 6) Intraday auction from 13.25 to 13.30.

(* 7) From Sunday evening to that of Friday - For the characteristics of the currency pairs including the New Zealand dollar and the ruble please click here.

(* 8) From Sunday night to evening of Friday.

(* 9) Only for access through ECN and only for securities listed on ECN circuits.