UTP session schedule
Transactions on the exchange (except block trades) are made between 8.30 a.m. and 5.05 p.m. During this time, trading takes place in two systems: continuous and single-price auction.
Continuous trading includes quotations of derivatives (futures, options, from 8.45am) and cash market instruments (from 9.00am). The single-price auction takes place twice a day: at 11.00 a.m. and 3.00 p.m. A trading session consists of phases appropriate to the particular trading system.
In the single-price auction system, these are: the pre-opening phase, the fixing phase, the post-opening phase and the pre-opening phase of the next session. In continuous trading, the session phases are: pre-opening phase, opening fixing, continuous trading, pre-closing, closing fixing and overtime.