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Depends on the market they trade and when that market closes. A couple hour window after the market is closed but they are still at the office would be ideal.
Hey there! Based on the most helpful WSO content, the best time to send cold emails is on Tuesdays at 10AM. The logic behind this is that you're not overwhelming anyone on a Monday morning, and there's still plenty of time during the week to connect. Thursdays and Fridays are considered too close to the weekend, and it's easier for your email to be put off until the following week.
However, another perspective from the WSO threads suggests that the best time to email or call someone is from 4-5pm and the best days are Thursday/Friday.
Remember, it's also important not to overdo it. One email and a follow-up email a week later should be enough. Over-contacting could risk your email being forwarded around with a "do not hire" note.
Hope this helps and best of luck with your networking!
Sources: Guide: Cold Contacting Investment Bankers For Non Targets, Should I get straight to the point in my cold email?, When Should I Start Cold Emailing/Networking In General?
I know some guys that trade converts and derivs and they prefer emails from 6-8am as they are preparing for the day. Hope that helps
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