Futures markets organize trading by exchange sessions rather than a single stock-market bell. The trading date may begin the prior evening, and a daily maintenance interval interrupts continuous access.
| Overnight | Globex session |
|---|---|
| U.S. cash open | Liquidity event |
| Source | Official exchange calendar |
How it works
Prop programs may define a trading day or daily drawdown reset differently from the exchange session.
- Define the contract and expiration month
- Convert the price move into points and ticks
- Multiply by the contract's verified point or tick value
- Account for fees, liquidity, and risk limits
Worked example
Session labels affect daily P&L and risk rules. A two-contract position moving 10 ticks changes by 20 total contract-ticks. The dollar result equals those contract-ticks multiplied by the product's tick value.
Risk and common mistakes
Do not assume local midnight resets an account or creates a new session.
- Confusing margin with maximum possible loss
- Using the wrong micro or E-mini multiplier
- Ignoring expiration, maintenance breaks, or economic events
- Sizing from desired profit instead of predefined risk
Frequently asked questions
What is the most important point about futures market hours and sessions?+
Futures markets organize trading by exchange sessions rather than a single stock-market bell. The trading date may begin the prior evening, and a daily maintenance interval interrupts continuous access.
Is this information personalized financial advice?+
No. ORIVECT Education provides general educational information. Contract selection, leverage, and risk decisions require your own judgment and current official documentation.
Where can I verify the current contract specification?+
Use the official exchange source linked from the relevant ORIVECT market reference page. Trading hours, margin, and holiday schedules can change.