The system time of 24:00 corresponds to 17:00 New York local time. 17:00 New York time is the closing time of the US stock market and also marks the beginning of a new day in the forex market.
Ultima Markets' server time is GMT+2 during Standard Time and GMT+3 during Daylight Saving Time.
During Daylight Saving Time, New York's time zone is GMT-4, so the system time adjusts to GMT+3. Example: If your local time zone is GMT+8, system time 00:00 will be 05:00 your local time.
During Standard Time, New York's time zone is GMT-5, and the system time will adjust to GMT+2. Example: If your local time zone is GMT+8, system time 00:00 will be 06:00 your local time. This arrangement ensures the system time accurately reflects New York market activity at all times.
