Outside Regular Trading Hours
Trading outside of regular trading hours is possible via LYNX. This means you never miss an opportunity.
The regular trading hours on German stock exchanges such as Xetra are from 09:00 to 17:30. Trading on American exchanges such as the NYSE or NASDAQ runs regularly from 15:30 to 22:00 (09:30 to 16:00 local time). However, on some venues, trading is also possible before and after the regular trading hours. This allows you to trade shares after the announcement of company figures or to react to other market events.
LYNX+
After selecting the financial instrument and opening the order ticket, select the addition Fill/Trigger outside RTH. You can than create your order and submit it.
Trader Workstation
- New Order Ticket
Once you open the TWS platform, click on the Order button at the top left corner. This will open an order ticket where you need to fill in various details such as the ticker symbol, order type and order price. On the right side, you have the option to check Allow the order to be filled outside of regular trading hours. Once you have completed these steps, click Transmit to submit the order.
- Adjust Order Row
If you’ve already opened an order row in your TWS platform, you can also modify it to execute orders outside of regular trading hours. First, right-click on the specific order row. Then, click on Modify and select Order Ticket. Now, the same order ticket will open as in the previous step. Check the option Allow the order to be filled outside of regular trading hours. Once you have completed these steps, click Transmit to submit the order.
It is possible to configure your settings in a way that every order can be executed outside regular trading hours on default. Please find the instructions in our FAQ section below.
LYNX Trading App
Create an order in the LYNX Trading App and select a supported order type, such as LIMIT. For trading outside of regular trading hours, activate the Outside RTH option in the order ticket. You can then submit the order.
FAQ
TWS
Click on Edit in the menu bar and then select Global Configuration. On the left side, click on Presets and select a financial instrument. On the right-hand side, you will find the presets for the selected financial instrument. Here, you need to check the option Allow order to be activated, triggered, or filled outside of regular trading hours (if available). After that, click Apply and OK.
LYNX Trading App
Navigate to the main menu and select Settings. In the next window, choose Trading Settings and then select Trading Presets. In this step, choose the financial instrument and then tap on the Timing option, where you need to activate the slider in the Outside Regular Trading Hours field.
Please be aware: You have to apply these settings for every product type on it’s own.
Among other things, you can trade shares and ETF’s outside regular trading hours. You can also trade futures contracts outside so-called liquid trading hours. This is not possible with warrants and certificates, options or CFD’s.
You can view the trading times of a security with just a few clicks in the Trader Workstation. To do this, double-click on the name of the financial instrument (Company Name column) to open its description. Under the Trading Schedule section, the regular and total trading hours of the selected security are displayed.
Trading outside regular hours can pose several risks. The lower trading volume often results in a significant spread (difference between bid and ask price). Additionally, the overall trading volume is typically much lower, which means your orders may be executed only partially or not at all.
Trading before or after regular trading hours does not incur any additional explicit costs. You can trade under the usual fees and conditions. However, please note the general risks that arise outside regular trading hours.
Only certain order types are supported. These include Limit and Trail Limit orders. Order types such as Market and Stop will not be executed.
Futures are an exception: Even before and after the so-called liquid trading hours, orders with the order types Market and Limit are executed regularly. You can also configure this for the order type Stop in the order settings. It’s worth noting that for Market (MKT) orders, ORTH indication is not required in the order parameters, whereas for Stop (STP) orders, ORTH indication is necessary.
An overview of the common order types via LYNX can be found here.
Yes, overnight trading (02:00 – 09:50 CET) with US stocks is possible. In addition, it is also possible to trade Cboe S&P 500 Index options and CME Group S&P 500 Index options on futures.
A list of securities available for overnight trading can be found here.
Only Day Limit orders are allowed for overnight trading. These orders will be active only during the overnight trading session and will be automatically cancelled at 09:50 CET if not executed.
Make sure the Allow order to be filled during overnight session box is checked in the order ticket. Placing orders for the overnight session is only possible in the TWS trading platform.