Buying U.S. Stocks in Singapore with Tiger Brokers: Important Information for Full-Time Orders
Investing in U.S. stocks through Tiger Brokers offers Singaporean investors a wealth of opportunities, but understanding the mechanics of order placement is crucial for effective trading. This blog will discuss important information regarding full-time orders, including how unfilled orders are handled and the implications for trading sessions.
What are Full-Time Orders?
Full-time orders are trade orders that remain active until they are filled or canceled. These orders can be beneficial for investors looking to secure specific entry or exit points without needing to monitor the market continuously.
Handling Unfilled Orders
One of the key aspects of full-time orders is how unfilled orders are managed at the end of a trading session. Here’s what you need to know:
1. Transfer to Next Trading Session: Any unfilled orders at the end of a trading session must be automatically transferred to the next available trading session. This ensures that investors do not miss potential trading opportunities due to unfilled orders.
2. Example of Transfers:
– At the end of the Overnight Trading Session, any unfilled orders will be moved to the MKT+Pre/Post-MKT sessions. This transition allows traders to take advantage of extended trading hours.
– Good-Till-Canceled (GTC) Orders: If you have GTC orders that remain unfilled, they will be transferred to the next day’s Overnight Trading Session. This ensures continuity in your trading strategy.
Brief Loss of Trading Time
It’s important to note that this transfer process may result in a brief loss of trading time. For instance, unfilled orders may not be available for trading during specific windows, such as:
– Between 20:00:00 and 20:00:10 during the Overnight Trading Session.
– Between 03:59:40 and 04:00:00 during the Overnight Trading Session.
These short intervals may impact trading strategies, so it’s essential to be aware of these timings to minimize disruptions.
Conclusion
Understanding how full-time orders work and how unfilled orders are managed is crucial for Singaporean investors using Tiger Brokers to buy U.S. stocks in full-time. The automatic transfer of unfilled orders to the next trading session allows for greater flexibility, but awareness of potential brief losses in trading time is essential for effective decision-making.
By staying informed about these processes, you can better navigate the complexities of trading and enhance your investment strategy in the U.S. stock market. Always keep an eye on your order status and the timing of trading sessions to optimize your trading experience with Tiger Brokers.
