Finances
Equity Trader Alert #2025 – 92 U.S. Market Holiday Reminder: Thanksgiving
U.S. Equities and Options
Nasdaq U.S. Equities and Options markets will be closed on Thursday, November 27, 2025, and will close early on Friday, November 28, in observance of the Thanksgiving holiday.
U.S. Data Feed Products
The Nasdaq Global Index Data Service (GIDS) data feed product will be up and available at the Nasdaq U.S. data centers on Thursday, November 27.
In conjunction with the early U.S. market close on Friday, November 28, Nasdaq will adjust the closing transmission schedules for its U.S. proprietary equity and derivative data feed products. For the modified closing times for Nasdaq proprietary feeds on November 28, please refer to the Proprietary Data Feed Transmission Schedule.
While most of its U.S. products will close early on November 28, Nasdaq will observe a normal schedule for the Nasdaq Fund Network (NFN) Data Service.
Early Closing Schedule
| Nasdaq U.S. Equities | NORMAL CLOSING TIME Eastern Time (ET) | EARLY CLOSING TIME (ET) |
|---|---|---|
| BX Day Session | 4:00 p.m. | 1:00 p.m. |
| BX Extended Session | 7:00 p.m. | 4:00 p.m. |
| FINRATM/Nasdaq Trade Reporting FacilityTM Original Entry End (CQS 2 minutes earlier) | 8:02 p.m. | 5:02 p.m. |
| FINRA/Nasdaq Trade Reporting Facility Response End (CQS 2 minutes earlier) | 8:18 p.m. | 5:18 p.m. |
| Nasdaq Day Session | 4:00 p.m. | 1:00 p.m. |
| Nasdaq Extended Session | 8:00 p.m. | 5:00 p.m. |
| Level One Quotes | 8:00 p.m. | 5:00 p.m. |
| Net Order Imbalance Dissemination | 3:55 p.m. | 12:55 p.m. |
| Nasdaq Closing Cross | 4:00 p.m. | 1:00 p.m. |
| Nasdaq Quotes | 8:00 p.m. | 5:00 p.m. |
| PSX Day Session | 4:00 p.m. | 1:00 p.m. |
| PSX Extended Session | 5:00 p.m. | 2:00 p.m. |
| TRACESM | 6:30 p.m. | 3:30 p.m. |
| Trade Report .T Start | 4:00 p.m. | 1:00 p.m. |
| OTC Bulletin Board® | 6:30 p.m. | 3:30 p.m. |
| OTCBB Trade Reporting | 8:05 p.m. | 5:05 p.m. |
Please Note: All hours apply to CQS securities as well.
| Nasdaq U.S. Options | NORMAL CLOSING TIME (ET) | EARLY CLOSING TIME (ET) |
|---|---|---|
| Nasdaq PHLX: Equity, Sector Based Index and World Currency Options | 4:00 p.m. | 1:00 p.m. |
| Nasdaq ISE: Equity and Sector Based Index | 4:15 p.m. | 1:15 p.m. |
| Nasdaq ISE: World Currency Options | 4:15 p.m. | 1:15 p.m. |
| Index & Exchange Traded Funds (ETF) Options | 4:15 p.m. | 1:15 p.m. |
The following Nasdaq systems will close at their regular times:
| Nasdaq Service | NORMAL CLOSING TIME (ET) |
|---|---|
| Nasdaq Fund Network (NFN) (Regular) | 8:00 p.m. |
