moomoo US Help Center-What are time in force and pre-market & after-hours trading
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What are time in force and pre-market & after-hours trading

1. Time in force

When placing a pending order, investors can choose its validity period. Choices include Day and Good-Til-Cancelled (GTC).

1.1 Day

The order is active until the end of relevant trading sessions on the day it is placed. Unfilled orders will be cancelled afterwards.

1.2 GTC

The order is active until it is fully filled or cancelled. Investors can place a pending order at an ideal price in advance.

Note: The order can remain active for up to 90 natural days, and will be automatically cancelled after it expires.

1.3 GTD

 The order is active until the market close of a specified date, unless it fails or is fully filled or cancelled. If the specified date is a non-trading day and the order remains unfilled, it will be cancelled automatically after the market closes on the last trading day prior to the specified date. 

 

2. Pre-market and after-hours trading

US stock trading hours include the pre-market trading session, the continuous trading session, and the after-hours trading session. When placing a pending order, investors can choose whether to allow it to be active in the pre-market and after-hours trading sessions, i.e., whether to allow fill outside regular trading hours (RTH).

2.1 Allow fill outside RTH

Orders can be matched in the pre-market and after-hours trading sessions as well as in the continuous trading session. Unfilled orders in the pre-market trading session will be automatically transferred to the continuous trading session, and unfilled orders in the continuous trading session will also be automatically transferred to the after-hours trading session.

2.2 Prohibit fill outside RTH

Orders can be matched only in the continuous trading session.

Time in Force

 

Fill outside RTH

 

Order is active

 

Day

 

Allow

 

Until the end of the after-hours trading session on the day it is placed.

Day

 

Prohibit

 

Until the market close on the day it is placed. If it is placed in the after-hours trading session, it will be reserved until the market close of the next trading day.

GTC

 

Allow

 

Until it is fully filled or cancelled. And it can be filled in any of the pre-market trading session, the continuous trading session, and the after-hours trading session.

GTC

 

Prohibit

 

Until it is fully filled or cancelled. But it can be filled only in the continuous trading session.

GTD

Allow

Until it is fully filled or cancelled. And it can be filled in any of the pre-market trading session, the continuous trading session, and the after-hours trading session.

GTD

Prohibit

Until it is fully filled or cancelled. But it can be filled only in the continuous trading session.



Moomoo is a professional trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.

Any illustrations, scenarios, or specific securities referenced herein are strictly for illustrative purposes. Past investment performance does not guarantee future results. Investing involves risk and the potential to lose principal.