Extended-hours trading allows investors to buy and sell securities outside the standard trading hours of major exchanges. While the traditional stock market operates from 9:30 AM to 4 PM ET, extended-hours trading allows investors to trade before the market opens (pre-market) and after it closes (post-market), providing investors with the opportunity to react to global events and news.
How to trade during extended hours:
To trade during Extended Hours, place a 'Good during Extended Hours' limit order on an eligible security during outside market hours. Eligible securities are indicated by the phrase 'Extended hours available' next to the limit order option in the order type selection screen during extended trading hours.
You can browse eligible securities by searching for or selecting the "Extended hours trading" category from the "All categories" tab on the Discover page.
Extended Hours Trading Schedule:
- Pre-market trading hours: 7:00-9:30 AM EST
- Post-market trading hours: 4:00-8:00 PM EST
Benefits of Extended-hours Trading
- Adapt to Your Schedule: Extended hours offer flexibility to trade at convenient times based on your schedule.
- React to Market News: Extended hours trading allows you to make decisions and respond to company news outside of regular trading hours.
- Global Market Influence: Events in foreign markets can impact U.S. stocks. Trade in response to global market activities.
Extended Hours Trading through WSII
You should also be aware of the following considerations when submitting orders to trade in the extended hours sessions through WSII:
Placing Orders: Orders for the extended hours trading can be placed in the Wealthsimple mobile app at any time. To ensure orders can trade in the extended hours trading session, you must indicate that you want the order to be eligible for the extended trading session in the order entry screen.
Extended hours orders entered prior to or during pre-market sessions will remain active throughout the pre-market, regular, and post-market trading sessions for that day, unless executed or canceled. Extended hours orders that are not executed or canceled will expire at the end of the extended hours trading session (8:00 pm ET). Extended hours orders entered after 8:00 PM ET, will be queued for the start of next trading day pre-market session until canceled.
If you do not indicate an order should be eligible for the extended trading session, it will be treated as a standard day order. Standard orders entered after 4:00 PM ET will be queued for the start of the next regular market session. Standard day orders entered on a weekend or holiday, when markets are closed, will be queued for order entry on the following trading day, but expire at the end of that trading day if not executed.
Ineligible Trades: WSII does not allow extended hours trading for Canadian-listed stocks or ETFs, U.S.-listed options, or any stocks which trade over-the-counter (OTC).
Fractional Shares: WSII does not support execution of fractional shares in the extended hours trading sessions.
Order Type: Only limit orders to buy and sell stocks in the extended hours trading sessions are permitted. Market orders during extended hours sessions are not permitted. Market orders entered during extended-hour sessions will be queued for the opening of the regular market hours.
Quotes: Extended hours trading quotes are accessible to clients on the Wealthsimple app. WSII provides real-time bid/ask prices as well as the last traded price, which reflects trades placed during the extended hours session. For more information on how your orders are handled, please refer to our Best Execution and Order Handling Disclosure.
Fees: There are no additional fees for extended hours Trading. Additional details on the WSII fee schedule can be found here.
Corporate Actions: Trades placed in the pre-market hours will be part of the post-corporate action environment which includes but is not limited to: stock splits, dividends, mergers & acquisitions, and spin-offs. For example, if there is a 2:1 split for ABC stock valued at $50 in the pre-corporate action environment, trades placed in the pre-market hours (post-corporate action environment) will be executed at $25 per share.
Trades executed in the post-market hours prior to the corporate action date are considered pre-corporate action environment and are subject to corporate action activities. Continuing with the example provided earlier, if you purchase 100 shares of ABC valued at $50 in post-market, and there is a 2:1 split the following trading day, you will be subject to the 2:1 split and hold 200 shares valued at $25.
Settlement: The same settlement rules will apply to trades executed during extended trading hours.
Risks and Considerations for Extended Hours Trading
For information on risks and other considerations associated with trading during extended hours sessions, please refer to the Extended Hours Trading Disclosure.