London and new york session overlap
A fascinating topic!
London and New York are two of the world's major financial hubs, and their trading sessions do overlap, creating a unique and complex market environment. Here's a breakdown of their trading hours and the implications:
London Trading Session:
- London's main trading session typically starts at 8:00 AM GMT (Greenwich Mean Time) and ends at 4:30 PM GMT.
- The London Stock Exchange (LSE) is open from 8:00 AM to 4:30 PM GMT, Monday to Friday.
New York Trading Session:
- New York's main trading session typically starts at 9:30 AM ET (Eastern Time) and ends at 4:00 PM ET.
- The New York Stock Exchange (NYSE) is open from 9:30 AM to 4:00 PM ET, Monday to Friday.
Overlap and Implications:
- The London and New York trading sessions overlap by about 5 hours, from 2:00 PM GMT to 7:00 PM GMT (12:00 PM ET to 3:00 PM ET).
- During this overlap period, traders in both cities can react to market news and events, influencing prices and volumes.
- The overlap can lead to increased market volatility, as traders in both cities respond to the same news and events.
- Some markets, such as foreign exchange (FX) and commodities, are traded 24/5, meaning they are open during both the London and New York trading sessions, as well as during the overlap period.
Key Takeaways:
- The overlap between London and New York trading sessions creates a unique and dynamic market environment.
- Traders should be aware of the overlap and adjust their trading strategies accordingly.
- Market participants should also be prepared for increased volatility during the overlap period.