Can IB use "Market Order" to trade outside "Regular Trading Hours"?

Discussion in 'Retail Brokers' started by ben.lai, Mar 4, 2018.

  1. ben.lai

    ben.lai

    Can IB use Market order to trade outside Regular Trading Hours?
     
  2. KeLo

    KeLo

    If you are trading stocks you can only use unconditional limit orders in Extended Hours.
     
  3. ET180

    ET180

    Really bad idea to use market order outside of regular trading hours. Just use a limit order with a loose limit.
     
  4. Who are these people?
     
  5. ben.lai

    ben.lai

    Thanks!!!
     
  6. JSOP

    JSOP

    No market orders allowed for tradings outside regular trading hours. In fact, if you had a market order set to execute during the market hour, if the execution time is set too late, it won't even execute as soon as IB decides it's outside of regular trading hours. Had that happen to me once, so annoying. I ended up losing a super good entry opportunity.
     
  7. Metamega

    Metamega

    This wouldn’t be a IB thing but an exchange thing. They only accept certain order types in after market.
     
  8. ben.lai

    ben.lai

    Then any order types can perform well for trading outside RTH for Index futures?
    no market order, ease to lose good entry opportunity
     
  9. Metamega

    Metamega

    Marketable limit order will work, just not a market order. Market orders are like writing a blank cheque. Atleast with a marketable limit order you can set some boundaries to protect yourself from vanishing liquidity.
     
  10. comagnum

    comagnum

    Last Wed somebody put in a market order on SPY in the thinly traded hours at 11:45p est - man, the price was at 274 - they ate 20 points on that fill.

    It is never a good idea to trade when the liquidity is thin.

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    Last edited: Mar 5, 2018
    #10     Mar 5, 2018
    lawrence-lugar likes this.