Time zone

In the Corsa Capital, Greenwich Meridian Time (GMT) 00 time zone is used. This time zone is:

• 5 hours ahead of New York
• The same as in London
• 3 hours behind Moscow
• 8 hours behind Tokio

The connection to London time is not a coincidence since London is the biggest trading floor in the world. This is the main reason that all option contracts purchased via Corsa Capital are calculated for GMT+00 coinciding with the time zone of Great Britain’s capital. When making an online contract, traders need to calculate the time by what the trading system uses, one of the necessary conditions for online trading connecting traders from all around the world.

It is very important to learn how to determine and calculate the time zone, because many events on the foreign exchange market (such as opening and closing of local trading sessions or publishing macroeconomic statistics updates) have a strict time constraint. Option trading makes time zone importance even greater since the start and end date of any option is one of the major conditions of any contract.

If you have any questions regarding the time zone used in the trading system of Corsa Capital, we strongly recommend contacting technical support or the traders forum on our web site to resolve any misunderstanding in this very important aspect of trading.