MIAX Pearl® Equities Exchange Trade Hours of Operation
| TIME - U.S. ET ZONE | Description |
|---|---|
1:30 AM - 3:00 AM | Start of System Hours Dissemination of Start of Session message and multicast heartbeats overall market data feeds. Dissemination of symbol reference data overall market data feeds and retransmission services. |
3:00 AM | MIAX Express Order Interface (MEO) Firms can connect to MEO.
FIX Order Interface (FOI) Firms can connect to the FOI and all other FIX applications (OFXD, FXD). |
3:30 AM | Live Order Window (LOW) Opens Firms can send MEO and FIX orders. |
4:00 AM | Start of Early Trading Session |
9:30 AM | Start of Regular Trading Hours Opening Process conducted. Regular Trading Session starts at completion of Opening Process |
4:00 PM | End of Regular Trading Session (ends at 1:00 pm on early closing days) |
4:00 PM | Start of Late Trading Session (begins at 1:00pm on early closing days) |
8:00 PM | End of Late Trading Session (ends at 5:00 PM on early closing days) Final trade corrections and clearing adjustments. |
MIAX Pearl Equities Exchange Holiday Calendar
| Holiday | 2026 | 2027 |
|---|---|---|
| New Year’s Day | Thursday, January 1st | Friday, January 1st |
| Martin Luther King Jr. Day | Monday, January 19th | Monday, January 18th |
| Washington’s Birthday | Monday, February 16th | Monday, February 15th |
| Good Friday | Friday, April 3rd | Friday, March 26th |
| Memorial Day | Monday, May 25th | Monday, May 31st |
| Juneteenth National Independence Day | Friday, June 19th | Friday, June 18th (Juneteenth National Independence Day Observed) |
| Independence Day | Friday, July 3rd (Independence Day Observed) | Friday, July 5th (Independence Day Observed) |
| Labor Day | Monday, September 7th | Monday, September 6th |
| Thanksgiving Day | Thursday, November 26th Friday, November 27th * | Thursday, November 25th Friday, November 26th ** |
| Christmas | Thursday, December 24th * Friday, December 25th | Friday, December 24th (Christmas Day observed) |
*2026: Each market will close early at 5:00 p.m. on Friday, November 27, 2026 and Thursday, December 24, 2026. The Regular Trading session on these days will conclude at 1:00 p.m. All times are Eastern Time.
**2027: Each market will close early at 5:00 p.m. on Friday, November 26, 2027. The Regular Trading session on this day will conclude at 1:00 p.m. All times are Eastern Time.
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