1. U.S. Stock Exchanges
Please note that the US stock exchanges will open at different times of the year. US and Australia both observe Daylight Savings Timing.
First Sunday in November to Second Sunday in March: Pre-market: 20:00-1:30; Regular hours: 1:30-8:00; Post-market: 8:00-12:00
Second Sunday of March to the first Sunday of April: Pre-market: 19:00-0:30; Regular hours: 0:30-7:00; Post-market: 7:00-11:00
First Sunday of April to the first Sunday of October: Pre-market: 18:00-23:30; Regular hours: 23:30-6:00; Post-market: 6:00-10:00
October 1st Sunday to November 1st Sunday: Pre-market: 19:00-0:30; Regular hours: 0:30-7:00; Post-market: 7:00-11:00
2. Minimum trading unit for U.S. stocks
The minimum trading unit is 1 share.
3. Price movements of U.S. stocks
U.S. stocks are not subject to single-day price rise and fall limits, therefore investors should carefully monitor price movements.
4. Day trading of U.S. stocks
Day trading involves high risk. Before you start trading, please read the Risk Exposure to Intraday Trading.
Day trading refers to a trading where a client buys or sells positions of a stock or stock option within one trading day. Day trading is also generally referred to as T+0 trade.
For day trading, clients are not subject to frequency or capital limits.
5. U.S. stock settlement and delivery mechanism
U.S. stocks follow T+2 settlement arrangements where clearing and settlement will be completed on the second working day after the trade is transacted.
6. U.S. Stock Markets
(1) New York Stock Exchange (NYSE)
The oldest and second largest exchange by volume in the U.S.
(2) Nasdaq Stock Market (NASDAQ)
NASDAQ is the largest exchange by volume in the U.S.
(3) American Stock Exchange (AMEX)
AMEX is currently the third largest stock exchange in the U.S.
(4) Pink Sheet Exchange (PK)
The Pink Sheet Exchange serves as the primary OTC exchange in the U.S.
(5) Over-the-Counter (OTC)
OTC markets refer to stock exchange markets on counters of various stock exchange institutions where shares are traded without a formal listing.
Please contact our Client Service team should you have any further questions.
Phone: 02 9169 6999