# Cboe BZX Equities Trading Hours

Cboe BZX is one of Cboe Global Markets’ four U.S. equities exchanges, operating as a distinct electronic order book for trading NMS securities with its own unique fee schedule and market model. BYX is primarily known for its distinct inverted maker-taker pricing model, which charges a fee for providing liquidity and offers a rebate for removing it, incentivizing aggressive order flow.

Trading Hours are divided into multiple sessions

#### Cboe BZX Equities - Trading Hours

| Session Name   | Time Zone        | Start Time   | End Time   |
|----------------|------------------|--------------|------------|
| PRE_MARKET     | America/New_York | 04:00        | 09:30      |
| MARKET         | America/New_York | 09:30        | 16:00      |
| POST_MARKET    | America/New_York | 16:00        | 20:00      |