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Interactive Brokers offers trading in overnight hours for over 10,000 US-listed stocks and ETFs. Market data is provided for free, and existing US stock trading permission is sufficient to allow trading. Trades can be placed within Trader Workstation (TWS), Desktop, Client Portal and Mobile. Overnight trading hours are from 8:00pm ET to 3:50am ET with the first session beginning on Sunday at 8:00pm ET and the last session ending at 3:50am ET on Friday. Trades executed between 8:00pm and 12:00am will carry a trade date of the following day. For a full listing of the available stocks and ETFs see the exchange listing page on the website.
It is important to note that orders intended for overnight trading are treated separately from orders submitted during the day, or where submitted orders use the extended trading hours’ time-in-force designation. In other words, investors should think of overnight orders as an independent venue.
Within the Order Entry panel inside TWS, the investor inputs the symbol, sets the price, order type, note that only Limit and Adaptive order types are currently supported in Overnight Trading. The investor then clicks on the Time-in-Force dropdown and can select either Overnight or Overnight + Day.
If the investor selects Overnight the order will only be active from 8pm ET to 3:50am ET then will cancel if not filled. If the investor selects Overnight + Day, the order will become immediately active and stay active until either filled or 4pm the next day and utilize IBKR’s SmartRouting throughout the trading session. GTC orders are not supported so if the order is not filled by the end of the regular trading session it will be cancelled.
In this example the investor enters an order; they first select the symbol, enter the quantity, selects Limit and price. They then choose Overnight and Day and click on buy in the lower left-hand side. The same workflow can be done for a sell order. Using a limit order and IBKR’s Best Pricing router guarantees if the order is filled it will not be at a worse price than the limit price and IBKR’s SmartRouting potentially can get the investor a better execution than their limit price.
When the investor is ready, they click submit and review the order ticket, when ready they click “Transmit”. In the Activity panel the Destination column will show OVERNIGHT, and the Time-in-force column will show OVERNIGHT and DAY.
IBKR’s Overnight trading allows the investor to capture more market opportunities and trade over 10,000 US stocks and ETFs 8 pm ET to 3:50 am ET Sunday night through Friday morning.
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The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Interactive Brokers, its affiliates, or its employees.
I want my stock and ETF orders to be valid from the regular trading hours after placing the orders until the next day’s regular trading session opens, including after-hours, night trading, and pre-market. How can I implement this using the TWS API?