After hours trading 🇺🇸

(Vladislav Kozub) #1

The US stocks (NYSE and NASDAQ in particular) are available for trading 16 hours a day, rather than from 9:30 to 16:00 (EST).

It would be great to have that ability with Freetrade too. Imagine waking up at 9 am in the UK (haha, I wish!) and buying £5 of Amazon, then going to bed at about 2 am with another instant £10 of Tesla in your pocket :wink:

Update on US stocks
(Steve Plumbley) #2

I would love to get in on after hours trading. It’s where all the price action seems to happen and I’m always behind because of it. Can’t wait for those US stocks, add after hours and I’m totally hooked.

4 Likes
(Rob N) #3

Yeah this would be good! And there’s loads more time in in the evenings to look into investments :+1:t3:

2 Likes
(Chris) #4

I’m up for this but I’m assuming it’s a long way in the distance if Freetrade go for it?

2 Likes
(Vladislav Kozub) #5

As always, I believe it will depend on how complex the implementation is. If it is just a quick request/action with Freetrade’s US stocks service provider, cannot see why it will take long. If there are regulatory aspects, engineering input and a bunch of other things, then the delay will be justified.

2 Likes
(R) #6

Voted for this. Can’t tell you how many opportunities I missed out on over the years through trading time limitations.

(Kenny Grant) #7

Has any exchange proposed 24 hour trading? Seems like it would make sense in our global world with much trading automated to have 24 hour markets instead of closing at odd times related to a physical location.

2 Likes
(Vladislav Kozub) #9

I think the reason against that is liquidity. Maybe the marketmakers incur more costs than potentially benefitting from the night trading? Just guessing, not sure why it is the case.

2 Likes
#10

I voted for this but just wondered if this will only benefit instant orders correct? Queued orders will still execute next day. In a way, this would encourage more instant orders.

3 Likes
#11

This has to be at the top of the Roadmap. So much value is lost becuase you can only order after the bell

2 Likes
(Aris David) #12

AAPL up 5% after market hours. Probably worth showing in the app future and as many suggest, enable buying and selling post-market and pre-market hours in the future as there’s a lot of value in it.

2 Likes
(Steve Plumbley) #13

This happened to me with visa during the week. Good ER spiked the price to 141 after hours everyone sold only for it to be down 2% the next day during regular hours. Glad I held out, finally spiked yesterday

(Matt) #14

Could even make After Hours Trading an Alpha feature and it might bring in more subscriptions.

8 Likes
(Chris) #15

Like @Vlad said its related to market makers, they control the majority of the volumes traded and doing it during ‘business hours’ avoids market crashes and big shareholders unloading stocks whilst the financial world cannot or is less able to respond. You have the remember that mst people that use stock exchanges are traders/opportunists/speculators rather than actual ‘investors’.

Not sure on the logistics for a broker to operate out of market, but knowing a little about how the freetrade model works, they’d need at least one market maker on side to help them - which isn’t likely and will be expensive.

1 Like
(Antony McDonagh) #17

That would convince me for sure, was looking forward to putting some pennies in crispr this morning since it’d hit a relatively low dip last night, woke up to find it had climbed ~4.5% in after hours:’(