Saxo offers Pre-market trading, as a part of Algorithmic (ALGO) orders strategies:
Available exchanges: US exchanges
Pre-market trading hours: 07:00-09:30 am (Eastern Time)
Available instruments: US stocks, ETFs, single stock CFDs
- A pre-market order is designed to trade in the pre-market session on the US markets only. The order will participate in the pre-market, and any residuals will be rolled into the continuous session as regular limit orders at the same limit price.
- Pre-market orders are available via the SaxoTraderGO/PRO platforms as US pre-market limit orders and must be enabled via the Algorithmic (ALGO) order set up.
- Please note that US pre-market limits are currently available on Single Stock CFDs and Stocks.
- The only difference to a normal limit order is that this order allows participation in the pre-market session.
- Note: Be aware that liquidity typically is low in the pre-market session – so when orders are placed aggressively they might get filled closer to the limit price than anticipated.
To place an algorithmic order (ALGO), you need to open a trade ticket and click on the word Limit to select ALGO. Next, the strategy type can be selected. Finally, adjust the relevant parameters and place the order.