The other side of midnight by ProQuest


In 1987, the Chicago Mercantile Exchange (CME) proposed the concept of an after-hours trading platform, an electronic trading system for futures contracts. However, it took another five years before the ideas were transformed into reality. Globex, operated by the CME, opens for after-hours trading each weekday afternoon at 3:30 p.m. CDT. Both the full-size S&P 500 futures contract and the E-mini S&P 500 futures contracts may be traded electronically on this system at night. Nasdaq contracts, both big and mini also may be traded on Globex. A big Nasdaq 100 contract trades for $100 per point and a mini-Nasdaq trades for $20 per point. After-hours trading is valuable for several reasons. First, electronic markets expand your trading universe and, therefore, the opportunity you have at your finger tips. Second, information gained from after-hours markets is valuable and can improve your trading during the regular day's session. Finally, these markets are simply self-contained opportunities for profit.

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