June 25, 2024

What time does Nasdaq open in South Africa?

Stock Market Hours and Holidays: Opening and Closing Hours

Do you want to know the opening time of Nasdaq in South Africa so you can begin trading with them? If yes, then delve into the article to learn more.

What is Nasdaq?

Nasdaq can be defined as the global electric platform for the purchasing and selling of securities. It is the acronym for National Association of Securities Dealers Automated Quotations. Furthermore, in the beginning, it was part of the National Association of Securities Dealers(NASD). It is significant to mention here that now NASD is called FINRA( Financial Industry Regulatory Authority). Initially, it was established as a site where traders could trade the securities on a transparent, speedy, and computerized system.

Comprehending Nasdaq

The Nasdaq term is also utilized for the Nasdaq composite, an index having more than three thousand stocks, including the biotech giants like Apple, Google, and Meta. Amazon, Intel, and Microsoft.

It should be noted that Nasdaq officials got segregated and pursued their services individually in 2006. After a year, in 2007, they associated with a Scandinavian group named OMX, and then it was called Nasdaq OMX group. 

The headquarters of OMX group is located in New York and operates twenty-five markets that mainly include equities, derivatives, commodities, and fixed income. The trading technology is utilized by the ninety exchanges that are operating in fifty different countries.

What is the ideal time to trade in South Africa?

The markets usually open at different times throughout the world. So, it becomes challenging to know what is the ideal time to start trading. The best trading time can be governed by the top three markets of the world that are listed below:

Asian Markets

So, let’s start with the Asian markets that have a significant impact on the overall market. This market is pretty quiet owing to the lower liquidity.

The European Markets

The next market we will discuss is the European market—the most active currencies of this market are USD, EUR, and GBP. The center of this market is in London, and undoubtedly this market has the greatest trading volume.

The United States Market

The center of this market is New York, and it has the second-highest volume. When it comes to the active currencies, it is worth mentioning that it includes USD, EUR, GBP, and AUD.

What is the opening time of NASDAQ in South Africa?

Regular trading hours of Nasdaq and NYSE are 9:30 to 4:00 pm (EST) except for holidays.

What is the timing of the opening of NASDAQ in South Africa?

The significant trading hours for the Nasdaq 100 index are usually between 9:30 to 16:00 (EST). However, the index price of Nasdaq is usually calculated during the pre-market trading hours and after-market trading hours. The pre-market trading hours are between 4:00 to 9:30 EST. On the other hand, the after-market trading hours are between 16:00 to 20:00 EST.

Final Verdict

To sum up the article, I would like to say that Nasdaq is a globally recognized USA stock exchange market with famous companies listed. We are optimistic that this article will assist you in knowing about “what time does Nasdaq open in South Africa?”