24/5 Trading

Definition

Ability to trade financial instruments 24 hours a day, five days a week (Monday to Friday)

Primary Benefit

Flexibility for traders to choose when to trade and respond to market events outside standard business hours

Associated Risks

Orders placed outside regular trading hours may experience price fluctuations, partial executions, or delays due to lower liquidity and higher volatility

Securities Available

Over 800 popular stocks and ETFs, including all stocks in the Dow Jones Industrial Average, Nasdaq 100, and S&P 500 indexes, and all US stocks listed on NYSE and NASDAQ. Fractional shares are also available.

Typical Trading Hours

8 PM Eastern Time (ET) on Sunday through 8 PM ET on Friday, with brief downtimes

Trading Sessions Included

Pre-market, regular hours, after-hours, and overnight sessions

Distinction from 24/7 Trading

24/7 trading includes weekends, typically for cryptocurrency markets, whereas 24/5 is Monday to Friday

Mechanism for Overnight Trading

Overnight trade executions and market data are often provided by Alternative Trading Systems (ATS) such as Blue Ocean Alternative Trading System (BOATS)

2018-XX-XX

2024-09-01

2025-02-01

24/5 trading refers to the ability to trade financial instruments 24 hours a day, five days a week. Unlike traditional stock exchanges, which have set opening and closing times, 24/5 trading allows for continuous market access from Monday to Friday. [...] What is the difference between 24/5 and 24/7 trading? : 24/5 trading refers to market access from Monday to Friday, while 24/7 trading includes weekends. 24/7 trading typically relates to cryptocurrency markets. [...] One of the primary benefits of 24/5 trading is the flexibility it offers. Traders can choose when to trade, fitting their activities around other commitments. This is particularly advantageous for those with busy schedules or those who wish to trade outside of standard business hours.

It used to be that traders would have to wait until Friday morning's opening bell to alter their positions, but now several brokerages—including Schwab—offer 24/5 trading. This allows clients to trade from 8 p.m. Eastern time (ET) on Sunday through 8 p.m. ET on Friday with just five minutes of downtime before and after the regular trading session (see "Extended-hours trading with the thinkorswim® platform"). [...] With 24/5 trading (8 p.m. Eastern time on Sunday through 8 p.m. Eastern time on Friday, with five minutes of downtime before and after the regular trading session), you have access to more than 800 of the most popular stocks and ETFs, including all stocks in the Dow Jones Industrial Average, Nasdaq 100, and S&P 500® indexes. And Schwab trading specialists are up when you are, so you can get high-quality support via phone or chat—even when the exchanges are closed. Learn more about 24/5 trading.

## Trade your favourite stocks round-the-clock ### US markets are open for only six and a half hours a day. 24/5 trading, gives you non-stop market access from Monday until Friday via more trading sessions. 04:00 - 09:30 ET Regular hours 09:30 - 16:00 ET After hours 16:00 - 20:00 ET 20:00 - 04:00 ET ## You no longer have to sit on the sidelines ### Respond to significant market events that usually happen outside regular trading hours, such as earnings reports or global breaking news [...] So far so good. I withdraw some cash from my Cash ISA and it came straight away. Wasn’t expecting that. So far I’m loving the app. Prince D 4 days ago Showing some of our positive client reviews Our awards Frequently asked questions What is 24/5 trading? 24/5 trading lets you trade US stocks non-stop, Monday to Friday. It includes four trading sessions: pre-market, regular hours, after-hours, and overnight. [...] All US stocks listed on the NYSE and NASDAQ are available for EMH trading. 24/5 trading, enabled via the overnight session, is a new feature we'll gradually roll out to all US stocks. Are fractional shares available for 24/5 trading? Yes, all US stocks are available as fractional shares. How do I turn 24/5 trading on? You'll see a '24/5 trading' toggle above the 'Review order' button when placing an order. Once the toggle's switched on, it'll stay enabled until switched off.

Put simply, Overnight Trading is trading from 8 PM to 4 AM EST Sunday through Thursday. The overnight trading session allows us to provide trading 24/5 for all NMS securities. How does it work? Overnight trade executions and market data are provided by Blue Ocean Alternative Trading System (BOATS). BOATS is an Alternative Trading System (ATS) which runs an overnight trading session on its own systems, outside traditional stock exchanges. What is the timing for the overnight session? [...] The overnight session bridges the gap between post-market and pre-market trading. The trading sessions are as follows: Monday- Friday Overnight: 8PM-4AM EST (Please note that the overnight session starts on the previous day) Pre-market: 4AM – 9:30AM EST Regular market: 9:30AM-4PM EST After-hours: 4PM-8PM EST Holidays The overnight session follows the NYSE calendar. When there is a market holiday there will not be an overnight session on the night of the same trade date. [...] Orders placed outside regular trading hours (9:30 a.m. – 4:00 p.m. ET) may experience price fluctuations, partial executions, or delays due to lower liquidity and higher volatility. Orders not designated for extended hours execution will be queued for the next trading session. Additionally, fractional trading may be limited during extended hours. For more details, please review Alpaca’s Extended Hours Trading Risk Disclosure.