Overview
To place a trade during overnight hours, you'll need to place an overnight trading limit order on an eligible security. Overnight hours trading is only available for select securities. We're continuing to expand this offering for more securities in the future.
Overnight trading hours
Overnight trading hours run from Sunday to Thursday, 9:00 p.m. to 4:00 a.m. ET each day. Trading ends Friday at 4:00 a.m. ET. Quotes are available starting at 8:00 p.m.
How to trade during overnight hours
Follow these steps to browse eligible securities and trade during overnight hours:
- Log in to your Wealthsimple profile
- Locate the search bar in the top-right corner, labelled Search name or symbol
- Enter the name or symbol of a security in the search bar
- If eligible, you'll see the option to choose a Trading session in the Buy or Sell order flow during extended hours
Frequently asked questions
Learn more about overnight trading through Wealthsimple below. For more details, please see our Extended and Overnight Hours Trading Disclosure and Best Execution and Order Handling Disclosure.
How long do overnight hours orders remain active?
- Quotes are available starting at 8:00 p.m.
- Overnight hours orders remain active throughout the overnight trading hours (9:00 p.m. to 4:00 a.m. ET) and will not carry over to the next trading session.
- Unfilled overnight trade orders will be cancelled at the close of the overnight trading session (4:00 am ET).
Can I modify a pending order during overnight hours?
Yes, you can modify pending limit orders up until the end of overnight trading hours.
What happens if I don't select 'Overnight trading' when I place my order?
Orders not designated for overnight trading will be treated as standard day orders. These orders will be queued for the opening of the regular market hours.
How do quotes work with overnight trading?
Quotes are available during overnight trading hours. We provide real-time bid/ask prices as well as the last traded price, which reflects trades placed during overnight trading sessions. For more information on how your orders are handled, please refer to our Best Execution and Order Handling Disclosure.
Are there additional fees for overnight trading?
There are no additional fees for overnight trading. Learn more about the Wealthsimple fee schedule.
How do corporate actions affect overnight trading?
Corporate actions like stock splits, dividends, mergers, acquisitions, and spin-offs can impact your trades if they occur around the same time you're trading overnight.
When these corporate actions happen, it creates two different environments for trading:
- Pre-Corporate Action: This is the period before the corporate action takes effect.
- Post-Corporate Action: This is the period after the corporate action takes effect.
Trades placed during pre-market hours will be processed in the post-corporate action environment.
- Example: If you own ABC stock valued at $50 per share, and a 2:1 stock split occurs, trades placed in pre-market will be executed at $25 per share.
Trades placed in post-market hours before the corporate action date are processed in the pre-corporate action environment.
- Example: If you buy 100 shares of ABC stock at $50 per share in post-market, and a 2:1 stock split occurs the next trading day, you will end up with 200 shares, each valued at $25.
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