Chicago operates on the America/Chicago timezone, alternating between CST (Central Standard Time, UTC −6:00) in winter and CDT (Central Daylight Time, UTC −5:00) from mid-March to early November. As the home of the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT) — the world's largest and oldest futures exchanges — Chicago time is the reference timezone for global commodity and derivatives trading.
The CME Group's flagship markets open at 5:00 PM CST on Sunday for electronic trading and run nearly 24 hours through Friday at 4:00 PM CST, with brief daily maintenance windows. This near-continuous schedule means traders in London (GMT), Singapore (SGT), and Tokyo (JST) can all access Chicago's futures markets during their own business days — though the deepest liquidity occurs during Chicago's standard business hours (7:00 AM to 3:00 PM CST).
Chicago vs New York: Chicago is consistently 1 hour behind New York — CST versus EST, or CDT versus EDT. This alignment, combined with Chicago's central US location, makes it the natural hub for mid-continent US operations. From London (GMT), Chicago is 6 hours behind in winter (CST) and 5 hours behind in summer (CDT), offering a workable morning London window for Chicago afternoon calls.
Chicago is also a major hub for the airline industry — O'Hare International Airport handles more daily flights than almost any other airport in the world, reflecting the city's position as the geographic midpoint of US cross-country travel. For business travellers arriving from Asia or Europe, Chicago time often serves as a practical reset point before onward travel to either US coast.