What is the time-in-force and trading sessions

1. Time in force

When placing a pending order, investors can choose its validity period. Choices include Day and Good-Til-Cancelled (GTC).

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 is active until it is fully filled or cancelled. Investors can place a pending order at an ideal price in advance.

Note: The order can remain active for up to 90 natural days, and will be automatically cancelled after it expires.

1.3 GTD

The order is active until the market close of a specified date, unless it fails or is fully filled or cancelled. If the specified date is a non-trading day and the order remains unfilled, it will be cancelled automatically after the market closes on the last trading day prior to the specified date.

2. Trading Sessions

2.1 Allow fill outside RTH

Orders can be matched in the pre-market and after-hours trading sessions as well as in the continuous trading session. Unfilled orders in the pre-market trading session will be automatically transferred to the continuous trading session, and unfilled orders in the continuous trading session will also be automatically transferred to the after-hours trading session.

2.2 Prohibit fill outside RTH

Orders can be matched only in the continuous trading session.

2.3 Overnight Trading

Orders will only be matched during the overnight trading session. Unfilled orders are automatically cancelled at the end of this session.

2.4 24 Hour Trading

24-hour trading lets you place orders for matching during RTH plus pre-market, post-market, and overnight trading sessions, meaning that you can buy and sell stocks around the clock.

Time-In-Force	Trading Session	Order Validity	Exact Hours in EST
Day	RTH+Pre/Post-Mkt	Until post-market ends	4:00~20:00
Day	RTH	Until market closes	9:30~16:00
Day	Overnight Trading	Until overnight session ends	T 20:00~T+1 4:00
Day	24 Hour	Until post-market ends on the recorded trading day	If submitted during the overnight session: T 20:00~T+1 20:00 If submitted during other sessions: ~T 20:00
GTC	RTH+Pre/Post-Mkt	Until filled or cancelled	~ Expiration Date 20:00, no match during overnight sessions
GTC	RTH	Until filled or cancelled	~ Expiration Date 16:00
GTC	24 Hour	Until filled or cancelled	~ Expiration Date 20:00
GTD	RTH+Pre/Post-Mkt	Until date, filled, or cancelled	~ Expiration Date 20:00, no match during overnight sessions
GTD	RTH	Until date, filled, or cancelled	~ Expiration Date 16:00
GTD	24 Hour	Until date, filled, or cancelled	~ Expiration Date 20:00

Moomoo is a professional trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.

Any illustrations, scenarios, or specific securities referenced herein are strictly for illustrative purposes. Past investment performance does not guarantee future results. Investing involves risk and the potential to lose principal.

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