4 ms·

Sorry not relevant to the subject, but who is allowed to trade after-hours? How come some people are allowed to take advantage of trading while the general publ

by tzz 12y ago

Sorry not relevant to the subject, but who is allowed to trade after-hours? How come some people are allowed to take advantage of trading while the general public is not allowed?

sdeyerle 12y ago
Anyone is allowed, but there is lower volume and more volatility.
- grecy 12y ago
  genuine question - how come when I submit an after hours trade through my bank it says "trading is closed, your order will be submitted first thing tomorrow" ?
  - chadzawistowski 12y ago
    Could be a bank issue rather than a market one.
  - minimax 12y ago
    It could be your bank just doesn't offer it. For most retail brokerage accounts you have to specifically request an extended "time in force" if you want to send orders outside of the core session.
  - WalterSear 12y ago
    You can only deal in futures after hours.
  - akbar501 12y ago
    Just an FYI, if you trade after hours remember to set your price (buy or sell). As it's after hours, there is no market price, and therefore if you offer to buy 100 shares another party can sell at any price they want. Same goes for the sell side.
  - ennuihenry 12y ago
    It's your brokerage. For example, Tradeking allows trading from 8:00-9:30 ET and 4:00-5:00 ET. Some other brokerages, like Interactive Brokers, allow trading to 8:00 PM ET.
deleted 12y ago
[deleted]
harmegido 12y ago
The term "after-hours" has become antiquated in trading. Pretty much every electronic exchange operates ~23 hours/day (1 or 2 few close periods for maintenance/book-keeping stuff). Now you'd just refer to those time periods as "Asian hours" and "European hours." Also, remember there is not 1 stock market. There are somewhere around 50-60 exchanges where a company's stock may be traded (counting dark pools), and each of those may have different rules/open periods/etc.
pdq 12y ago
Every online stock brokerage I've used lets anyone trade both before and after hours (Etrade, Schwab, etc). This is different from options or margin trading, where only registered accounts can use it.

by tzz 12y ago

Sorry not relevant to the subject, but who is allowed to trade after-hours? How come some people are allowed to take advantage of trading while the general public is not allowed?

sdeyerle 12y ago

Anyone is allowed, but there is lower volume and more volatility.

grecy 12y ago
genuine question - how come when I submit an after hours trade through my bank it says "trading is closed, your order will be submitted first thing tomorrow" ?
- chadzawistowski 12y ago
  Could be a bank issue rather than a market one.
- minimax 12y ago
  It could be your bank just doesn't offer it. For most retail brokerage accounts you have to specifically request an extended "time in force" if you want to send orders outside of the core session.
- WalterSear 12y ago
  You can only deal in futures after hours.
- akbar501 12y ago
  Just an FYI, if you trade after hours remember to set your price (buy or sell). As it's after hours, there is no market price, and therefore if you offer to buy 100 shares another party can sell at any price they want. Same goes for the sell side.
- ennuihenry 12y ago
  It's your brokerage. For example, Tradeking allows trading from 8:00-9:30 ET and 4:00-5:00 ET. Some other brokerages, like Interactive Brokers, allow trading to 8:00 PM ET.

deleted 12y ago

[deleted]

harmegido 12y ago

The term "after-hours" has become antiquated in trading. Pretty much every electronic exchange operates ~23 hours/day (1 or 2 few close periods for maintenance/book-keeping stuff). Now you'd just refer to those time periods as "Asian hours" and "European hours." Also, remember there is not 1 stock market. There are somewhere around 50-60 exchanges where a company's stock may be traded (counting dark pools), and each of those may have different rules/open periods/etc.

pdq 12y ago

Every online stock brokerage I've used lets anyone trade both before and after hours (Etrade, Schwab, etc). This is different from options or margin trading, where only registered accounts can use it.