What is the market time for CDS on expiry day? Is it till 12:30 pm only on expiry days?
Yes.
Hmm I thought it was going to be till 5.00 pm luckily I exited before that and didn’t take new trade.
We can trade next month futures though right?
Yes definitely you can trade in other month contract.
If you wouldn’t have close this month contract exchange will settle the contract in evening and your margin will be blocked till end of the day.
12:15 on expiry day which is 2 days prior to last working day.
check this: