Does anyone know what pegging is? I'm using the DAS Trader platform and if I hold a security to AH and try to sell, I get the error, "no pegging allowed" what's this mean? if I can't sell a stock I bought during the day in AH, what can I do AH???
But I was dealing with equities, not options. Does this still apply? And if so how? I saw that definition but thought it wasn't relavent to my case
Pegged to the bid or offer is when you OFFER on the BID or BID to the OFFER. Hence locking the market. Some platforms do not realize the actual last sale and use the 4PM close. Your broker may not offer after hour trading. Perhaps call them and ask instead of getting usless responses on here! The above Googled definition is not related to equities.