IC Markets Holiday Trading Schedule for Constitution and Ascension Day

Recently, IC Markets, a prominent global CFD and Forex broker, introduced adjustments to its trading schedule in honor of two special occasions: Norway's Constitution Day and Ascension Day. These events fell on Wednesday, May 17, 2023, and Thursday, May 18, 2023.

Constitution Day in Norway is a lively national celebration marked by joyful processions and gatherings, featuring parades of children of all ages. It's a day centered around the younger generation, with flag-raising ceremonies and the lively tunes of school bands.

On the other hand, Ascension Day, often known as Constitution Day, holds significance as a Christian holiday. This day is linked to the Christian belief in the ascension of Jesus Christ to heaven, representing hope for peace and prosperity.

The impact of these May 2023 holidays extends beyond the festivities. Trading markets experience notable changes in the days leading up to and following these occasions.

Liquidity can decrease, volatility can spike, and spreads may widen. This can pose significant risks for those engaging in currency pair trading during this period. Nonetheless, IC Markets has taken substantial measures to assist traders in managing their positions during this May holiday season.

The Australian-based broker has created specific trading schedules for select trading instruments on both Constitution Day and Ascension Day, aligning with the GMT+3 time zone used across all their trading platforms.