When preparing your trading sessions around the Holidays, the first thing is to understand if your data provider follows the “CME Protocol” for Holidays.
Tip: Check the table below to see if the Trading Platform you are using Follows CME Protocol
CME may merge multiple calendar days into one trading day on recognized holidays where there are abbreviated trading hours. For example, if a holiday falls on a Monday, and there are shortened trading hours on that Monday, the exchange may count all PNL from Sunday’s Open through Tuesday’s Close as a single trading day.
This means that each day, including holidays with abbreviated trading hours, will count as individual days. PNLs and drawdowns will be reset each calendar day.
CME Protocol Y/N
|Trading Platform||Data Provider|
Below are the holidays observed by the CME. The list includes holiday market closures as well as the holiday abbreviated trading hours and a note if funded traders will be unable to trade. Depending on the holiday, Topstep may allow or prohibit trading on holidays with shortened hours. You will receive an email with more information about each specific holiday as they get closer.
On days when Topstep permits holiday trading, Topstep requires any trader in a funded level account to flatten their positions 30 minutes before the early close. Failure to exit all open positions by 11:30 AM CT could result in the suspension of the account. Anyone in a Swing Legacy Funded Account or Swing Premium Funded Account can continue to hold open positions normally unless Topstep has prohibited trading on a specific holiday.
This information applies to the Express Funded Account™, Legacy Funded Account, Live Funded Account, and Premium Funded Account. If you are trading in the Trading Combine, please see this article for Holiday Trading.
For example, on February 21, 2022, Topstep permits holiday trading. The markets stopped trading at 12:00 PM CT; funded level accounts needed to be flat 30 minutes prior to 11:30 AM CT.
|Account Type:||Close Positions on (2/21/22)|
|Trading Combine||Before 12:00 PM CT**|
|Express Funded Account™||Before 11:30 AM CT**|
|Legacy or Premium Funded Account||Before 11:30 AM CT**|
|Tip: Trading days with early closes are the ones you will want to consider the CME Protocol mentioned above.|
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