What does "normal" pre market mean?

Discussion in 'Order Execution' started by Maverick2608, May 27, 2018.

  1. What happens at 8 am ET that makes the 8:00 - 9:30 time period normal versus 4:00 - 8:00?

    Does something technically differ between the two time periods or is it just the fact that volume is higher during the last 1.5 hours?

    I can see that Interactive Brokers allows trading from 4 am whereas e.g. Charles Schwab only allows trading from 8 am.

    [​IMG]

    https://www.investorsunderground.com/pre-market-trading/
     
    murray t turtle likes this.
  2. CyJackX

    CyJackX

    Certain news and reports drop around then.
     
    murray t turtle and tommcginnis like this.
  3. tommcginnis

    tommcginnis

    When you can look it up on a regulatory or exchange website, it's *probably* real.
    When it's hung in quotes, like "Normal...", it's probably an artifact of history.

    This one ("Normal Pre-Market") is an artifact. If you watch the overnight or pre-market volume, you'll notice spikes on news events (100-1,000 contracts, for example). For big data drops, you might notice one or two minutes where volume approaches that of the regular cash-market (say, 2,000-5,000). As CyJackX noted, it's when big reports drop. When the market opens, it might be 10,000-20,000 for 15 minutes, and then the dust would settle to a quarter of that. Nothing set in concrete about it, but somebody wanted to attach a word. So they used an older pre-market, noted the remaining higher volume, and "Hey! Here's 'Normal'!!"
     
    Maverick2608 likes this.
  4. %%
    Its like an elitetrader said '' premarket, where do you[ we ]want the price ??'' LOL[REAL-TIC named those ''irregular hours'']:cool::cool: