- 2 min read
Questrade is a popular online trading platform for investors managing their own investment accounts. They have announced an expansion of trading hours for U.S. exchange listed securities starting at 4:00 a.m. ET.
Note that not all U.S. exchange listed securities are available for the 4:00 a.m. trading time.
Order Set Up
Use GTEM in the set up of the buy or sell. It stands for Good Till Extended Mark.
GTEM orders placed after 8pm ET
GTEM orders placed after 8pm will be queued to activate at 4am for pre-market trading on the following routes: AUTO, NASDAQ, ARCA, BATS, and EDGX (AUTO is the platform default, so if you don’t specify a route it will be set to AUTO and activated at 4am).
GTEM orders placed after 8pm ET with EDGA, NYSE and MNGD routes
If you specify EDGA, NYSE or MNGD as your order route in your order entry, these routes do not support 4am trading so will be queued to activate at 7am.
Any GTEM order that activates at 4am ET or 7am ET (including those placed the previous night, after 8pm ET) or is placed during the normal trading session (9:30am - 4:00pm ET) will remain active until 8pm ET on the same trading day. If the order has not been filled by 8pm ET, it will be cancelled.
Crave Investor Execution Tips
When placing any order always check the order parameters, not the least of which is the order type. Depending on your device and your browser, if you change views to another tab, your order parameter may have changed.
In order to set your pricing, on any kind of limit order, compare the bid and ask provided by the trading platform with stockcharts.com. It's possible entering your order at the better price from either source may yield better pricing.
As Mr. Spock said, "Invest well and prosper"!