1. Time in force
When placing a pending order, investors can choose its validity period.
1.1 Day
The order is active until the end of relevant trading sessions on the day it is placed. Unfilled orders will be cancelled afterwards.
1.2 GTC
The order remains valid for 90 calendar days after placement, until it is fully executed, canceled, fails to be placed, or expires.
2. Pre-market & post-market trading
Canada stock trading hours include the pre-market trading session, the continuous trading session and the post-market trading session. When placing a pending order, investors can choose whether to allow it to be active in the pre-market and post-market trading session.
2.1 Allow filling outside RTH
Orders can be matched in the pre-market and post-market trading sessions as well as the continuous trading session. Unfilled orders in the continuous trading session will be automatically transferred to the post-market trading session.
2.2 Prohibit filling outside RTH
Orders can be matched only in the continuous trading session.
| Time in Force | Fill outside RTH | Order is active |
| Day | Allow | Until the end of the post-market trading session on the day it is placed. |
| Day | Prohibit | Until the market close on the day it is placed. If it is placed in post-market trading session, it will be reserved until the market close of the next trading day. |
2.3 Board lot requirements for pre-market and post-market trading
Orders placed during the pre-market and post-market trading sessions must be in board lots. The board lot size depends on the stock price:
Stock price (CAD) | Shares per board lot |
$1.00 or more | 100 |
$0.10–$0.99 | 500 |
Less than $0.10 | 1,000 |
Orders for quantities that are not multiples of a board lot are accepted only during the continuous trading session.
