Saxo offers pre-market trading, as a part of Algorithmic (ALGO) orders strategies.
- 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, you need to open a trade ticket > click on the word Limit > choose Use advanced orders > then pick the strategy type or click on Pre-Market Limit to invoke the available strategies dropdown > adjust the relevant parameters and place the order.
An educational algo orders guide is available here.
- Open a Trade Ticket with the desired instrument.
- Click on limit to invoke the dropdown and click on Use Advanced Orders.
- Select Algo order type.
- Then scroll through Strategy type or click on the Dark label to invoke a dropdown with the available strategies.
- Select Pre-Market Limit and adjust the relevant parameters and place the order.