The three-day market break to mark Presidents Day in the United State is expected to affect the stock market. In line with this, IC Markets released a trading schedule for the 2023 Presidents Day celebration.
Details of IC Markets Trading Schedule on Presidents Day
February 20th is marked as a trading holiday in the United States in honor of past president. Therefore, the US Stock Market, including the Nasdaq and New York Stock Exchange (NYSE), are closed on President's Day.
This year, the market closed at 4:00 pm EST on February 17th and opened at 9:30 am EST on February 21st. The holiday also affected the US bond market which was closed on 17th.
However, the federal bank, foreign exchange markets, commodities markets, and overseas financial markets remained open.
IC Markets alerted its customers before Presidents Day through the schedule of trading activities on its platform. On February 14th, 2023, the broker, via its website, notified traders that it had "uploaded trading schedules and general information related to Presidents Day Holiday."
Based on the published schedule, all forex and crypto pairs can be traded within regular trading hours. However trading precious metals, spot energies, and energies futures was closed at 9:30 pm.
For indices, CA60 was closed through the holiday while other indices closed between 8:00 pm and 11:00 pm. Soft commodities futures and Equities was closed, but Indices and Bond futures closed at 6:30 pm and 8:00 pm, respectively.
About IC Markets
IC Markets, based in Sydney, Australia, is one of the world's biggest FX CFD providers, trading more than $15 billion in foreign currency. The broker is regulated by the Financial Services Authority (FSA), the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC).
With more than 100,000 active traders on its platform, IC Markets has a clientele in over 140 countries. The broker provides its clientele with foreign exchange options, commodities, indices, shares, bonds, futures, and cryptocurrencies.
Advanced traders and institutional investors utilize the platform's fast order execution to improve their trading experience. The platform also supports high-frequency algorithms, hedging, and scalping. The platform is ideal for raising passive income because of the provision of instructional resources and products, such as AutoTrader and ZuluTrade.
