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

How can one have 1,000 posts here and not understand why people want/need to trade on the open and close?

 

No idea why the dude has to post a screenshot to show that his firm offers LOC orders. He had already mentioned they did. As I said, though, TDA and most other retail brokers do not offer LOC or LOO orders.

 

Same reason you can't answer a simple question.

 

It's not an edge by itself in this context. If your "edge" requires entry on open, compared to a market order which incurs a huge spread for most stocks at 9:30:00, you can eliminate it with MOO.
Then there are imbalance strategies, a whole other story...

 

I just contacted Schwab on their 24/7 chat. They do not offer market/limit-on-open and market/limit-on-close orders. That's one down.

 

I just contacted Fidelity on their chat. They do offer market-on-open and market-on-close orders.

 

Firms that relay on PFOF don’t get paid when you route to the primary listed exchange for open and close orders

 

I never use market orders, and if I ever used one at the open it would mean I'd lost my mind.

 

Appreciate the info. Last I checked, none of the major retail brokers supported LOO/LOC orders. If you do find one of them does, pls post. BTW, a market order placed to a broker pre-open (before the cut-off time) becomes a MOO order, so that order type is available everywhere. MOC, LOO and LOC are the ones that are not a given, apparently.

 

I was describing people who want the opening print or something very close to it. They don't want to enter at 9:35 nor 9:45 but 9:30. What's wrong with that? For them, opening auctions solve a real problem.