What is the price at which order is executed if I place an order at 9 PM on Friday.
I am talking about purchase orders
AMO orders are sent to the exchange at 9 AM during start of pre-market session.
In pre-market session, order execution depends on what price is discovered, known as the equilibrium price. This is the price at which order matching happens where Limit Orders are matched with Limit Orders and Market Orders are matched with Market Orders. You can learn more on how pre-market session works here.
If your order isn’t executed during this period, orders are carried forward to normal trading hours. Here it is simple, Limit Order will execute at the price you’ve specified, and Market Order will execute at best available price in the market. You can learn more on how Limit and Market orders work here.
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