Trading Hours

dShares™ are backed 1:1 by real stock and are traded in real-time on the U.S. stock markets: the New York Stock Exchange (NYSE) and the NASDAQ. In addition to regular trading sessions on these exchanges, Dinari also operates on extended, overnight and weekend/open sessions.

While Dinari generally abstracts these trading sessions away with our APIs and smart contracts, it's important to understand the differences with how orders are placed and the varying amount of available liquidity.

Sessions Overview

Regular

9:30 a.m. - 4:00 p.m. (ET)
Weekdays. All order types accepted.

Extended

Pre-market 4:00 a.m. - 9:30 a.m. (ET)
After-hours 4:00 p.m. - 8:00 p.m. (ET)
Weekdays. Limit orders only.

Overnight

*8:00 p.m. (T-1) - 4:00 a.m. (ET)
Weekdays-only starting at 8:00 p.m. on Sunday
Limit orders only.

Open (24/7)

8:00 p.m. (Friday) - 8:00 p.m. (Sunday)
Open trading whenever other sessions are closed, blockchain only Coming soon

Holidays

Market Holidays

Dinari trading hours are affected by U.S. stock market holidays. On these days, the Regular, Extended and Weekend trading sessions are closed. For the most up-to-date information, please utilize the Get Market Hours API endpoint.

Get Market Hours API

You may also refer to the following resources:

🗓 NYSE Calendar | 🗓 NASDAQ Calendar

Bank Holidays

In addition to the stock market holidays, Dinari is also affected by U.S. bank holidays which usually coincide with Market Holidays (but not always). While Dinari attempts to mitigate the effects of bank holidays, large transactions might be settled on a T+2 basis on these days.

Sessions

Regular Trading Session

The regular trading session is the primary trading period for U.S. stock markets and runs most weekdays. During this time, all order types are accepted, including market and limit orders. Generally, expect the best prices and liquidity during this session.

Extended Hours Trading Session

The extended hours trading session includes both pre-market and after-hours trading. These trading sessions are only active on days there are regular trading sessions. During this time, only limit orders are accepted. This session allows traders to react to news and events outside of regular trading hours, but liquidity may be lower, and price volatility can be higher.

Overnight Trading Session

The overnight trading session runs from 8:00 p.m. (ET, T-1) to 4:00 a.m. (ET) on weekdays, starting at 8:00 p.m. on Sunday. The overnight trading session opens only if the market is open the following day. For example, if Monday is a holiday, the overnight session will not open on Sunday evening.

This session is also limited to limit orders only. It allows traders to place orders outside of regular trading hours, but similar to the extended hours, liquidity may be lower and price volatility can be higher.

Trades in the overnight session will be booked in the following trading session.

Open Trading (24/7) Session

Coming Soon!

The Open trading session will run from 8:00 p.m. (ET) on Friday to 8:00 p.m. (ET) on Sunday and when other trading sessions are closed, allowing traders to place orders 24/7. The Open trading session operates on the blockchain only.

These trading sessions will accept limit orders only and may contain lower liquidity levels than other trading sessions.