PRE MARKET TRADING PLUS
PRE MARKET TRADING PROFESSIONAL

Order Routingįor extended hours sessions, orders are routed to an Electronic Market. But remember, when you place an extended hours limit order, although there is no guarantee your order will be filled, you are assured your limit order price if your order is executed. Higher spreads often result in more volatile prices. The result?īuyers and sellers trading through an Electronic Markets may experience significant delays before their orders are filled, and some orders may not be executed at all.īecause of limited trading activity in the extended hours, the difference, or spread, between available buy and sell orders is likely to be greater than during standard market hours. For example, if there are no sell orders for a particular stock displayed on an Electronic Markets, an investor who places an order to buy that stock has to wait for a matching sell order to come in before an order execution can take place. How does it work?Īn Electronic Market is simply a matching service set up to match buy and sell orders.

PRE MARKET TRADING PROFESSIONAL

Professional traders, such as those who trade for big financial institutions, have been using Electronic Markets for over 15 years now. What is an Electronic Market?Īn Electronic Market (either an Electronic Communications Network or an Electronic Stock Exchange) is a computerized trading network or market used to display and execute limit orders. A Schwab Extended Hours Trading Session, or any security traded therein, may be temporarily or permanently suspended without prior notice at any time at our discretion. Schwab reserves the right to change or modify hours of operation for extended hours trading at any time. Extended Hours Trading Sessions will not take place on official Exchange holidays or when the Exchanges close early. As a participant in the Extended Hours Trading Network, the Electronic Market may also offer access to prices available on other participating Electronic Markets, but not necessarily all venues open for EHT.ġ. Quotes are not consolidated and represent the current prices available through the Electronic Market.

Market makers and specialists work to ensure customers get the best buy or sell prices displayed on NASDAQ and the exchanges. The quotes you receive are consolidated and represent the best available prices across all trading venues.

PRE MARKET TRADING PLUS

Lower trading activity may result in lower likelihood of order execution, plus wider spreads and greater price fluctuation. In general higher trading activity means more liquidity and a greater likelihood of order execution. There is no carryover into any following session. Including: Day, GTC, IOC and FOKĪll orders are only good for the particular session in which they are placed. Most listed and NASDAQ securities are available in the extended hours session.ĭifferent time limits are available. Including: stocks, options, bonds, mutual funds, etc. Only limit orders for the particular Extended Hours session are accepted.Ģ5,000 shares is the maximum quantity on a single order. Including: market, limit, stop-limit, all-or-none, etc. Many order types and restrictions are accepted. Trading occurs through a leading Electronic Market. Trading primarily occurs on exchanges (NYSE Euronext, AMEX and other regionals) and on NASDAQ through a variety of venues including market makers and ECNs. ET.Īfter Hours: Orders can be placed and are eligible for execution between 4:05 p.m. ET and will be eligible for execution between 7:00 a.m. Pre-Market: Orders can be placed between 8:05 p.m. Orders can be placed at any time and will only be executed from 9:30 a.m. Extended hours trades will normally settle two business days from the date the order is executed, just like orders placed during standard market hours. Pre-Market, standard or After Hours) are not aggregated.

Please note that the commissions for trades executed in multiple sessions (i.e.

Commissions and Trade Settlement-Commissions for extended hours trading are based on Schwab's standard fee and commission schedule.

Extended hours orders must be placed on the special Extended Hours Trading screens at, or by calling us at 80 and asking for an Extended Hours Trading representative. These are completely independent from the standard trading session.

Separate Trading Session-Schwab's Extended Hours Trading offering has two components, the Pre-Market Trading session and After Hours Trading session.

This Electronic Market may have relationships with other Electronic Markets that participate in an extended hours trading network in order to provide access to orders or prices available on these other participating Electronic Markets. Schwab displays and executes extended hours orders through a leading Electronic Market (either an Electronic Communications Network or an Electronic Stock Exchange).

Pre market trading