> For the complete documentation index, see [llms.txt](https://docs.jaawle.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.jaawle.xyz/product/sessions-and-prices.md). # Sessions and prices ## The session Stock and ETF markets follow the New York Stock Exchange. | Session | Hours (ET) | Opens | Closes and liquidations | Deposits and withdrawals | | -------- | ---------------------------- | ----- | ----------------------------------- | ------------------------ | | Regular | 9:30 to 16:00 | yes | yes | executed | | Extended | 4:00 to 9:30, 16:00 to 20:00 | no | yes, at 2× fee and 1.5× maintenance | queued | | Closed | nights, weekends, holidays | no | no | queued | The keeper publishes the session on-chain; the contracts enforce it. Nobody trades against a stale print, and the pool never has to hedge while the exchange is shut. Crypto markets have no session. ## Where prices come from Prices are Pyth prices. For stocks and ETFs the terminal reads the tokenized-share feeds, the price of the share's token on crypto venues, which publish around the clock. For crypto it reads the native feeds. The mark you trade at is the on-chain price the keeper pushed last, refreshed about once a minute during the session. The header shows the feed's latest print beside it. ## Outside the session The tokenized share keeps trading when the exchange is closed, so the chart keeps moving. Three things make that honest: * **The mark holds at the close.** The keeper stops pushing stock prices on-chain while the session is Closed. NAV, funding and the first triggers of the day are measured from where the stock last traded, not from where the token drifted overnight. * **The chart tells you.** On stock markets, bars outside the regular session are drawn dimmed, and the header labels the current print as after-hours next to the NYSE close. * **Nothing executes.** Opens, closes, liquidations and triggers wait for the session. ## Why the tokenized feed The exchange's own equity feeds sit on a higher Pyth plan. The tokenized feeds are what the platform is entitled to today, and they track the stock closely during the session. Switching to the exchange feeds is a configuration change; the chart would then gap overnight like a stock chart does. ## Confidence Every Pyth print carries a confidence band. The contracts refuse a print whose band is wider than the market's limit, and the keeper keeps such prints off-chain, so a stock's mark ages into a closing mark instead of poisoning the market. The band is also the spread you trade across: longs enter at the ask, shorts at the bid. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.jaawle.xyz/product/sessions-and-prices.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.