Extended Hours Trading

There are now two types of Extended Hours trading that can be performed via the PreferredTrade 6.2 software, both of which are only offered with the ARCA route.

Extended Hours trades can only be entered when the ARCA routing destination is selected, the Extended Hours functionality is not supported under any other exchange selection.

• DAY+ Orders: DAY+ is a trade to be entered during regular market hours, but can continue live into the after hours period if not executed during regular market hours. Retail users that enter DAY+ orders can have orders remain live until 2:55 PT (5:55 ET). Non-clearing account DAY+ orders will remain live until 1:55 PT (4:55 ET). The following order types can be done with the DAY+ duration selected:

• Action = Buy, Sell, Sell Short*, Sell Exempt
• Price = Limit Price Only

• Sell Short orders entered with a DAY+ duration are contingent upon a stock borrowing locate successfully being performed by Newedge USA.

• EXT Orders can only be entered after the regular market closes using the EXT duration. Retail accounts can enter orders via EXT until 2:55 PT (5:55 PT). Non-clearing accounts can enter EXT orders until 1:55 PT (4:55 ET). The following order types can be done with EXT duration selected:

• Action = Buy, Sell, Sell Exempt
• Price = Limit Price Only

  Any Sell Short orders that cannot be entered through with the EXT duration selected will have a Customer Service Message pop-up window asking the user to call Newedge USA.

Extended Hours Trading Disclosure
Extended hour trading contains inherent risks due to limited liquidity. Less liquidity increases price volatility as well as the spreads between bids and offers of securities. Executions during extended hours trading can occur at prices that are significantly different from prices executed during normal hours trading. An investor should understand these and additional risks before participating in extended hour trading. Newedge USA "Day+" extended hour trades are worked as "limit" orders only, on the day entered only, and are directed to ARCA. Newedge USA will NOT accept market, stop, or stop limit orders for execution during extended hours trading.

Retail Customer orders that have not been executed by 2:55 PT (5:55 ET), will be canceled, "nothing done" for the day.

Broker Dealer orders that have not been executed by 2:00 PT (5:00 ET), will be canceled, "nothing done" for the day.

Newedge USA does not make any guarantee of execution.

The new feature described herein is only available via the latest PreferredTrade version 6.2 software and subsequent upgrades. The feature is NOT available on the version 5.2 software or with the WizeTrade software.

The graphics provided are for illustration purposes only.
Newedge USA, LLC does not offer investment advice.