![]() ![]() The Nasdaq opening schedule is earlier, with pre-market trading beginning at 4:00am U.S. Orders on the NYSE can be entered during a pre-opening session between 6:30am-9:30am U.S. This is after midnight in Sydney, Australia. The New York Stock Exchange (NYSE) and the Nasdaq operate its core trading hours between 9:30am-4pm U.S. Overnight trading refers to trading during the ‘adjust phase’ between 4:12pm-5pm, where brokers can cancel or amend orders, etc. In this time, investors can also enter orders on-line, which are queued and traded upon opening. Pre-opening takes place between 7am-10am, where brokers can enter orders into the ASX Trade in preparation for the market opening. The Australian stock exchange (ASX) is based in Sydney and operates normal trading hours between 10am-4pm Australian eastern standard or daylight time. It is important to note, that if this does happen then the trader can experience slippage from when they first placed the order to when it was actually executed. If you do place a trade outside of market hours then the order will be added to a queue, once the market opens then the order will be executed. ![]() What happens if you place a trade outside of market hours? Having certain market hours will ensure that there is a high level of liquidity for each market. Stock markets are open according to the country’s relevant timezone, during the country’s markets hours it will have a high level of its own residents trading as well as international market participants. Why do stock exchanges have different trading hours? In order to access the financial markets you will need to have a trading account with a broker. ![]() Trading normally takes place between Monday and Friday. The role of an exchange is to provide investors and traders with fair trading experience. Various financial instruments are all traded on the stock exchange such as stocks, derivatives and commodities among others. Most markets only operate on normal trading hours, on weekdays while some markets offer pre-market and after-hours trading. Once the Australian and Asian markets are closed, a new session starts as the United States and Europe prepare to open. With more than 24 time zones across the world, financial markets can be trading at any given time. The main stock exchanges around the world include the London Stock Exchange, New York Stock Exchange and Shanghai Stock Exchange. Stock market exchanges are where stocks and financial assets are traded throughout the day. ![]()
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