At what time can you place orders for stocks

Discussion in 'Stocks' started by ProgrammerGuy, Sep 20, 2007.

  1. Hi basically wondering at what time the exchanges open so you can place limit orders for the next day. I have IB and they won't accept limit orders now
  2. I remember using another broker and I generally have no trouble placing orders of any kind, including limit orders at any time even when the exchange is closed. What can happen is the market maker closes at a bid of 0 or $ 1 / share - some value that is much less than the closing price. If I attempt to enter a limit order greater than that bid of 0 or $ 1 or whatever then the broker's computer system rejects my order.

    I recall solving the problem by sending email to the New York Stock Exchange and asking that the bid price be shown closer to the closing price so I may enter a limit order.

    I know of no solution for the same problem involving NASDAQ listed stocks because there is no single market maker in NASDAQ stocks.