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What are NMS stocks?
NMS stocks are U.S. securities listed on major exchanges like NYSE and Nasdaq, and are covered by the National Market System (NMS). They are regulated by SEC rules to ensure fair and transparent trading. Regardless of which exchange an order is submitted to, investors receive the best available bid and offer prices at that moment across all exchanges (National Best Bid and Offer, NBBO).
Trading Sessions for U.S. NMS Stocks
When trading U.S. NMS stocks, you can choose the session during which your order will be active. Orders will only attempt to execute within the selected session.
You may select from three session options:
| Time Zone | Overnight | Pre-Market | Regular Trading Hours | Post-Market |
|---|---|---|---|---|
Full Day | ||||
| Eastern time | 8:00 pm–4:00 am (+1) | 4:00 am–9:30 am | 9:30 am–4:00 pm | 4:00 pm–8:00 pm |
| KSA time | 3:00 am–11:00 am | 11:00 am–4:30 pm | 4:30 pm–11:00 pm | 11:00 pm–3:00 am (+1) |
Half Day | ||||
| Eastern time | 8:00 pm–4:00 am (+1) | 4:00 am–9:30 am | 9:30 am–1:00 pm | 1:00 pm–5:00 pm |
| KSA time | 3:00 am–11:00 am | 11:00 am–4:30 pm | 4:30 pm–8:00 pm | 8:00 pm–12:00 am |
Note:
