In this article, we provide you all, the exact trading sessions of the major stock exchanges in the world. We have shortlisted 12 major stock exchanges globally on the basis of their market capitalization in INR Trillion.

Q.1: What is meant by Trading Session?

A period of time consisting of one day of business in a financial market, from the opening bell to the closing bell. Within the time frame of the trading session, all orders for the day must be placed, and buyers and sellers both participate in setting current market prices.

Q.2: Why really these trading sessions are important to know?

Well, the solution to this doubt is very obvious. We can think of these trading sessions as office hours for an exchange. An exchange would work only in its office hours and not after or before those hours. This means, that whatever type of trading order an investor or a trader places in an exchange, the exchange would consider them only in the hours when it is active (or working). Any placement of order before or after those hours would be simply rejected, and the trader might miss an opportunity to trade if he/she is unaware of such sessions.

However, before we go on providing you the list of those sessions, we would like you to know that the financial exchanges or markets are classified into two types. These two types of markets are differentiated on the basis of duration and location at which you can trade.

These two categories of markets are Call Markets and Continuous Markets.

Q.1: What is a call market?

In a call market, trades can be arranged only when the market is called at a particular time and place. Buyers can easily find sellers and vice versa in call markets because all traders interested in trading (or orders representing their interests) are present at the same time and place. Call markets thus have the potential to be very liquid when they are called. But they are completely illiquid between trading sessions. Most call markets use single price auctions to match buyers to sellers. In these auctions, the market constructs order books representing all buy orders and all seller orders. The market then chooses a single trade price that will maximize the total volume of trade. The order books are supply and demand schedules, and the point at which they cross determines the trade price. Call markets usually are organized just once a day, but some markets organize calls at more frequent intervals.

Q.2: What is a continuous market?

In a continuous trading market, trades can be arranged and executed any time the market is open. Traders can arrange and execute their trades at any time in continuous trading markets, but doing so can be difficult if the buyers and sellers (or their orders) are not both presents at the same time. Many continuous trading markets start their trading with a call market auction. During a pre-opening period, traders submit their orders for the market call. At the opening, any possible trades are arranged and then trading continues in the continuous trading session. Some continuous trading markets also close their trading with a call. In these markets, traders who are only interested in trading in the closing call submit market- or limit-on-close orders.

Q.3: Which market is a better and easier to trade in?

There is no absolute answer to this question. However, it depends on the preference of the trader, and the asset classes he/she plans on investing in.

  • Call markets have an advantage over continuous markets because: By gathering all traders to the same place at the same time, a call market makes it easier for buyers to find sellers and vice versa. In contrast, if buyers and sellers (or their orders) are not present at the same time in a continuous market, they cannot trade.
  • Continuous markets have an advantage over call markets because: In a continuous trading market, a willing buyer and seller can trade at any time the market is open. In contrast, in a call market trading can take place only when the market is called.


  • Hereon, in this article, we will only talk about the trading sessions of exchanges in the continuous markets.
  • All the exchanges mentioned below deal only in stocks. Exchanges for commodity markets, Foreign Exchanges and all the exchanges other than stock exchanges haven’t been considered in this article.


Major Exchanges of the World

Trading Sessions of Major Exchanges


                                     12 major stock exchanges


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