What can we help you with?
What are “next market open” trades?
When placing a market order, you will have the option to execute it in real-time or at the “next market open”. When selecting “Next market open” or if the trade is placed after market hours, it will be scheduled to be executed when the market opens on the next trading day (9:30am ET).
The benefit for selecting this option is that these trades carry no or reduced commission fees. All automated trades (e.g. auto-invest, auto-rebalance) are also executed at the next market open.
Keep in mind, placing market orders at market open can be considered risky because a lot can change from market close one day to market open the next. For example, company’s earnings announcement with significant news, world events, and activity in international markets can all create volatility in overnight stock prices.
All automated trades (e.g. auto-reinvest dividends, auto-invest, auto-rebalance) are also executed at the next market open.