Trading Holidays on OTC
|Monday||Jan. 02, 2023||New Year’s Holiday|
|Monday||Jan. 16, 2023||M L King Day|
|Monday||Feb. 20, 2023||Presidents’ Day|
|Friday||Apr. 07, 2023||Good Friday|
|Monday||May 29, 2023||Memorial Day|
|Monday||Jun 19, 2023||Juneteenth|
|Monday||Jul 03, 2023||Independence Holiay|
|Tuesday||Jul 04, 2023||Independence Day|
|Monday||Sep 04, 2023||Labor Day|
|Thursday||Nov. 23, 2023||Thanksgiving|
|Friday||Nov. 24, 2023||Thanksgiving Holiday|
|Monday||Dec 25, 2023||Christmas|
Over-the-counter OTC commodities derivatives USA Holidays 2023
What investors need to know about holidays on OTC Exchange in USA
Over-the-counter (OTC) Commodities Derivatives USA Holidays 2023
Over-the-counter (OTC) commodities derivatives are financial instruments that derive their value from underlying commodities such as gold, oil, or agricultural products. These instruments are traded between two parties without the use of an exchange, allowing for greater flexibility and customization of the contracts. However, OTC trading is subject to market conditions and holidays observed in different countries, which can impact the availability and liquidity of these products. In this article, we will take a closer look at the OTC commodities derivatives holidays in the United States for 2023.
The United States is a major hub for OTC commodities derivatives trading, with the Chicago Mercantile Exchange (CME) and the Intercontinental Exchange (ICE) being some of the most significant players. These exchanges observe the following holidays in 2023:
- New Year’s Day: January 2, 2023
- Martin Luther King Jr. Day: January 16, 2023
- Presidents’ Day: February 20, 2023
- Good Friday: April 14, 2023
- Memorial Day: May 29, 2023
- Independence Day: July 4, 2023
- Labor Day: September 4, 2023
- Thanksgiving Day: November 23, 2023
- Christmas Day: December 25, 2023
It is important to note that these holidays may impact the availability and liquidity of OTC commodities derivatives, as market participants may be on holiday or have reduced trading activity. Traders and investors should plan their trading activities accordingly and monitor market conditions during holiday periods to avoid any disruptions or unfavorable trading conditions.
Additionally, some OTC commodities derivatives contracts may have specific terms and conditions regarding holiday closures. It is crucial to review the contract details and understand any relevant clauses to avoid any unexpected situations.
In conclusion, OTC commodities derivatives trading in the United States is subject to the holidays observed by the major exchanges such as CME and ICE. Traders and investors should be aware of these holiday closures and plan accordingly to avoid any disruptions to their investments. Additionally, it is important to review contract details and understand any relevant clauses regarding holiday closures. By doing so, traders and investors can better manage their OTC commodities derivatives portfolios and avoid any unfavorable trading conditions.