Outside Regular Trading Hours

Trading outside of regular trading hours is possible via LYNX. This means you never miss an opportunity.

Notice

Information:

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.

Notice

Please Note:

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.

Trading outside of regular trading hours is available on all LYNX trading platforms.

LYNX, through Interactive Brokers (IBKR), offers overnight trading for over 10,000 US-listed stocks and ETFs. Market data is provided free of charge, and existing US stock trading permissions are sufficient to enable trading. Trades can be placed using the LYNX Trading App (mobile), LYNX Trading TWS (desktop), and LYNX+ (web). Overnight trading hours are from 8:00 PM ET to 3:50 AM ET, starting on Sunday at 8:00 PM ET and concluding on Friday at 3:50 AM ET. Trades executed between 8:00 PM and 12:00 AM will carry a trade date of the following day.

For a complete list of available stocks and ETFs, please refer to the exchange listing page on the website.

Important Notes:

Orders intended for overnight trading are treated separately from those submitted during the day or those using the extended trading hours time-in-force designation. In other words, investors should consider overnight orders as being placed on an independent venue.
Overnight orders are valid for a single overnight session. If not executed during this session, the order will expire and be removed from the system.
If the order expires without execution, you will need to resubmit a new overnight limit order for the next session.

Use the search bar in the top-right corner to find the desired stock by name, ISIN code, or ticker symbol.
Once you’ve selected the instrument, click on Buy or Sell to open the order ticket.
In the order ticket, select the OVERNIGHT destination at the top next to ISIN code and market related to the stock. Default this is set to SMART.
Set the Order Type to Limit, as overnight trading requires limit orders due to lower liquidity. Specify the Quantity and Limit Price for your order.
After configuring all necessary fields and enabling overnight trading, review your order and click Submit to place it.

To place an overnight trading order via the LYNX Trading app, follow these steps:

Via the Trade Menu, search the ticker symbol of the stock or ETF you wish to trade.
Choose the appropriate action (Buy or Sell) for your order.
Enter the number of shares you intend to trade.
Due to lower liquidity during overnight hours, only Limit orders are accepted. Ensure that the Time in Force is set to “Day”.
Locate the “Overnight Trading” checkbox/slider and enable it. Overnight Trading will appear next to the product’s name, indicating that the order is designated for overnight trading.
Review the order details. Once satisfied, click/slide “Submit” at the bottom of the order ticket to place the order.

Within the Order Entry panel in TWS, users can view and modify the order destination by clicking the Advanced expansion menu located at the lower right. In the Destination dropdown menu at the upper left of the Advanced pop-up window, click the down arrow to reveal the exchange and routing options. By default, the selection is set to SMART. From the list, select the OVERNIGHT venue to enable overnight trading.

Alternatively, you can set an overnight trading order directly via the Time in Force menu:

Enter the ticker symbol in TWS.
Select Buy or Sell and input the desired quantity.
Due to lower liquidity during overnight hours, only Limit orders are accepted; therefore, enter a limit price.
From the Time in Force dropdown menu, check the Overnight Trading box. A yellow crescent moon icon will appear to the left of the Time in Force selection box, which is set by default to Day.

Note: Overnight orders remain active for a single session. If they are not filled overnight, the orders will expire and be removed from the system. Clients will need to resubmit a new overnight limit order for the following session.