## Trading Hours Guide: When Does the Madrid Stock Exchange Actually Operate?
If you trade in Spanish markets or follow Iberian companies, you need to understand the exact trading hours. The **Madrid Stock Exchange** operates from Monday to Friday, opening at **9:00 am** (CEST) and closing at **5:30 pm**. But here’s the important part: the full session includes additional phases that many investors are unaware of.
## The Three Phases of a Trading Day in Madrid
**Opening Auction (8:30 am - 9:00 am):** Before prices start moving in real time, there is a pre-market phase where orders accumulate.
View OriginalIf you trade in Spanish markets or follow Iberian companies, you need to understand the exact trading hours. The **Madrid Stock Exchange** operates from Monday to Friday, opening at **9:00 am** (CEST) and closing at **5:30 pm**. But here’s the important part: the full session includes additional phases that many investors are unaware of.
## The Three Phases of a Trading Day in Madrid
**Opening Auction (8:30 am - 9:00 am):** Before prices start moving in real time, there is a pre-market phase where orders accumulate.