Stock Quotes Before Markets Open?

#1
Hi all,

Is is possible to place stock quotes

a) before 9:15 AM (Opening bell) or
b) between 9:00 AM to 9:15 AM (Pre opening session) or
c) before 9:00AM

Note: I have a DP account in Sharekhan.

Thanks in advance,
Karthik
 

Alchemist

Administrator
Staff member
#2
You mean is it possible to place an order before market opens?

The answer is yes and no.

You can place an order before 9 AM with your broker, but not with the exchange.

If you place an order when the market is closed, the broker will keep the order in his system and then forward the order to the exchange after it market opens.

Such orders are called "After Market Orders" of AMOs.

The exchanges accept orders when the pre-open session is underway, but orders cannot be placed/modified/cancelled between 9:08 AM (close of pre-open session) and 9:15 AM (market opening).

Some brokers accept orders during this period, but these orders are forwarded to exchanges only after 9:15 AM (market opening).
 
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