Exchange Hours of Operation
U.S. exchange after-hour markets
The NYSE and ASE provide crossing sessions in which matching buy and sell orders can be executed at 5:00 p.m.
based on the exchanges' 4:00 p.m. closing prices.
The BSE and PSE have post-primary sessions that operate from 4:00 to 4:15. CHX and PCX operate their post-primary
sessions until 4:30 p.m. Additionally CHX has an "E-Session" to handle limit orders from 4:30 to 6:30p.m.
U.S. exchange after-hour markets
Foreign exchange after-hour markets
Several foreign exchanges also trade certain NYSE-listed stocks. Hours are governed by those individual markets.
Extended (After Hours) Trading
Electronic communication networks (ECNs) have
allowed institutions to participate in after-market trades since 1975; individuals joined the party in 1999.
Typically, extended-hour trades must be done with limit orders.
Ameritrade / TD Waterhouse (via Island ECN)
Hours: 8am-8pm Eastern; limit orders only during extended hours.
E*Trade (via Archipelago ECN)
Hours: 8am-8pm Eastern; limit orders only during extended hours.
Note that eextended-hours orders can be placed even during regular market hours; these orders may be filled during normal or extended-trading hours.
Fidelity (via Redibook)
Hours: 7:30-915am and 4:15-8:00pm EST; restrictions on order types.
Harris Direct (via Redibook ECN)
Hours: 8-9:15am and 4:15-7pm Eastern; limit orders only; round lots.
Schwab (via Redibook ECN)
Hours: 7:30-9:15am and 4:15-8pm Eastern, Monday - Friday; limit orders only.