Which brokers accept opening and closing auction orders on NYSE and Nasdaq?

Discussion in 'Retail Brokers' started by Maverick2608, Dec 8, 2017.

  1. ... besides Interactive Brokers.

    Which brokers accept market-on-open, limit-on-open, market-on-close or limit-on-close orders for NYSE and Nasdaq opening and closing auctions?

    Thank you.
     
  2. Robert Morse

    Robert Morse Sponsor

    We do. Doesn't everyone?
     
    dealmaker likes this.
  3. Most retail brokers I have checked (TDA, etc.) do not offer limit on open or limit on close orders.
     
  4. Robert Morse

    Robert Morse Sponsor

    upload_2017-12-8_8-0-4.png
     
  5. Overnight

    Overnight

    OMM, did you just do a *mic drop*? Didn't know you were that hip to the youth scene.
     
    tommcginnis likes this.
  6. Is the picture from the Lightspeed or TDA trading platform? Sorry for being slow-witted.

    With regard to Lightspeed, do standard commission rates apply also to auction orders?

    Thank you.
     
  7. Robert Morse

    Robert Morse Sponsor

    That is Lightspeed Trader. You would have to pay the NYSE or NASDAQ exchange fee plus our commission.
     
  8. What exactly is the edge to using those orders for a retail trader?
     
  9. d08

    d08

    The edge is not paying the spread. Also, you can move relatively large size in closing auctions and sometimes in the opening as well.
     
    Shadetree42 and Maverick2608 like this.
  10. not paying the spread, but you don't know the fill price. what edge is that? size, I get
     
    #10     Dec 8, 2017