Interactive Brokers, a leading U.S. brokerage firm, officially launched overnight trading hours for U.S. ETFs on November 21, 2022, providing investors with more flexible trading options。The move extends trading hours in the U.S. ETF market, allowing users to trade on a daily basis, five days a week, 23.Trade within 5 hours to be more responsive to market dynamics and capture more investment opportunities。

Whether all ETFs can be traded during this trading period？Are there any obvious differences compared to the pre-market trading session？What are the advantages and disadvantages of this service?？

What are Interactive Brokers Overnight Trading Hours?？

Interactive Brokers launches Overnight Trading Hours for US ETFs, giving users almost 24 hours of trading time on their platform Interactive Brokers "Eos Automated Trading System (IBEOS)。This is very beneficial to Asian users, making it easy to trade US ETFs during the Asian session, react to news of market movements at any time, and grasp investment opportunities.。

Interactive Brokers' "overnight trading hours" are from 20: 00pm ET to 03: 30am, with the first trading day starting at 20: 00pm ET on Sunday and the last trading day ending at 03: 30am on Friday。Any trades that occur during the overnight trading session will be executed normally。

Interactive Brokers trading session (EST, Eastern Standard Time)

① Pre-Market Trading: 04: 00am-09: 30am ET

② Regular Trading: 09: 30am-16: 00pm ET

③ Post-Market Trading: 16: 00pm-20: 00pm ET

④ Overnight Trading: 20: 00pm EST - the next day 03: 30am

Interactive Brokers trading session (SGT, Singapore Standard Time)

When winter begins in North America, U.S. trading hours, opening, closing, and economic announcements will be delayed by an hour from daylight saving time。

U.S. daylight saving time is from the second Sunday in March to the first Sunday in November, and winter time is from the first Sunday in November to the second Sunday in March.。

The following times are trading hours in winter:

① Pre-Market Trading: 17: 00pm-22: 30pm Singapore Time

② Regular Trading: 22: 30pm Singapore time - 05: 00am the next day

③ Post-Market Trading: 05: 00am-09: 00am Singapore time

④ Overnight Trading: 09: 00am - 16: 30pm Singapore Time

The following times are trading hours for daylight saving time:

① Pre-Market Trading: 16: 00pm-21: 30pm Singapore Time

② Regular Trading: 21: 30pm Singapore time - the next day 04: 00am

③ Post-Market Trading: 04: 00am - 08: 00am Singapore time

④ Overnight Trading: 08: 00am - 15: 30pm Singapore Time

"Overnight Trading Hours" Tradable US ETFs

Through its IBEOS platform, Interactive Brokers lets users trade the following 24 U.S. ETFs during overnight trading hours。

◇ FXI，iShares China Large-Cap ETF (FXI US)

◇ SPY，SPDR S&P 500 ETF (SPY US)

◇ EEM，iShares MSCI Emerging Markets ETF (EEM US)

◇ GLD，SPDR Gold Shares (GLD US)

◇ SLV，iShares Silver Trust (SLV US)

◇ DIA，SPDR Dow Jones Industrial Average ETF (DIA US)

◇ UNG，United States Natural Gas Fund (UNG US)

◇ TLT，iShares 20+ Year Treasury Bond ETF (TLT US)

◇ IWM，iShares Russell 2000 ETF (IWM US)

◇ QQQ，Invesco QQQ Trust (QQQ US)

◇ USO，United States Oil Fund (USO US)

◇ SH，ProShares Short S&P 500 (SH US)

◇ RWM，ProShares Short Russell 2000 (RWM US)

◇ PSQ，ProShares Short QQQ (PSQ US)

◇ AGG，iShares Core US Aggregate Bond ETF (AGG US)

◇ DOG，ProShares Short Dow30 (DOG US)

◇ EWA，iShares MSCI Australia ETF (EWA US)

◇ EFA，iShares MSCI EAFE ETF (EFA US)

◇ EWJ，iShares MSCI Japan ETF (EWJ US)

◇ IJH，iShares Core S&P Mid-Cap ETF (IJH US)

◇ VTI，Vanguard Total Stock Market ETF (VTI US)

◇ XLF，Financial Select Sector SPDR Fund (XLF US)

◇ XLE，Energy Select Sector SPDR Fund (XLE US)

◇ XLK，Technology Select Sector SPDR Fund (XLK US)

Using Overnight Trading Hours Benefits

① Solve the problem of jet lag, Asian users can also trade during the day, 5 days a week, 23 days a day.5 hours to trade 24 US ETFs

Respond immediately to news affecting the market and seize investment opportunities.

③ can be almost any time, any place to trade

Using Overnight Trading Hours Disadvantages / Risks

① There are only 24 kinds of US ETFs that can be traded.

② Unable to trade U.S. stocks

③ Trading is limited to the Interactive Brokers customer base or other extended trading session platform users, with low liquidity.

④ Due to low liquidity, stock prices traded during overnight trading hours have a high degree of ups and downs.

"Overnight trading hours" vs pre-market trading, how to choose？

Through the overnight trading time function of Interactive Brokers on the IBEOS platform, Asian users and investors can react to any news released in Asian time that may affect the market (such as bank interest adjustments, international policy changes, earnings announcements), buy on dips and sell on dips at the right time, and grasp investment opportunities.。

On the other hand, since this feature is limited to trading 24 U.S. ETFs, liquidity is relatively low compared to pre-market, as pre-market is open to all markets, including U.S. equities, with more investment options。

Users and investors are required to assess the investment risk based on their personal investment strategy before deciding whether to trade US ETFs overnight.。

If you decide to trade a U.S. stock ETF during overnight trading hours, make sure you have a U.S. stock trading license。If you do not already have a U.S. stock trading license, you can open it by following these steps。

◇ Interactive Brokers US Stock Trading License Settings

Step 1: Log in to your Interactive Brokers account and click Settings in the upper right corner。

Step 2: In the trading column, click "Trading Permissions"。

Step 3: In the different investment vehicle options, click Add Stock "Stocks"。

Step 4: In the trading stock region selection, tick "United States," "United States (Algorithmic Execution Venue)" and "United States (T + 1 Settlement Program)" and the U.S. stock trading license setup is complete.。

FAQs

① What products can be traded during overnight trading hours in the United States？

Interactive Brokers users can trade the following 24 US ETFs during the overnight trading hours: FXI, SPY, EEM, GLD, SLV, DIA, UNG, TLT, IWM, QQQ, USO, SH, RWM, PSQ, AGG, DOG, EWA, EFA, EWJ, IJH, VTI, XLF, XLE and XLK。

Who can trade during the overnight trading hours in the United States?？

Users with IBKR Pro and IBKR Lite accounts can trade during overnight trading hours in the United States and receive a U.S. Stock Exchange license and a signed updated "After-hours Trading Risk Disclosure" form.。

Can I trade U.S. stocks during "overnight trading hours" in the United States?？

Interactive Brokers currently only offers the ability to trade US ETFs during "overnight trading hours" and cannot trade US stocks.。

④ Does Interactive Brokers provide market data for the US overnight trading session？

Yes, and market data is freely available。

⑤ Are orders set by the user to be valid outside Regular Trading Hours valid during overnight trading sessions in the United States？

Invalid, orders placed at regular time and orders marked as outside of regular are not eligible for overnight periods。

⑥ What order types and valid time options are allowed during the US overnight trading session？

US "overnight trading hours" only allow limit orders (Limit Order)。In addition, U.S. overnight trading sessions allow Immediate (Immediate) or Cancel (IOC), Good-til-Date / Time (GTD) and Day (Day) orders。

It is worth noting that the order is only valid during overnight trading hours, if not executed, it will automatically expire at 03: 30am Eastern Time, you can click here to refer to the order process。

What is the commission for overnight trading in the United States?？

IBKR Pro accounts receive the same commission in the US overnight hours as users receive during normal trading hours, while commissions for IBKR Lite accounts are the standard fixed rate for Interactive Brokers。

⑧ Can I trade zero shares (Fractional Share) during the U.S. overnight trading session?？

No, zero-share trading is not supported during US overnight trading sessions。