Interactive Brokers has announced the commencement of overnight trading sessions, which will primarily help the Asian market interested in trading US ETFs. Overnight trading sessions will be held five days a week beginning this Sunday and finishing on Friday. Hours will begin on Sunday at 8 p.m. ET and conclude on Friday at 3:30 a.m. ET.
All trades performed during these hours in the US market will be recorded in real-time. Traders will be able to take advantage of free overnight market data and multiple order types. Access to 24 widely-held US ETFs is now open. These include:
SPY FXI GLD EEM DIA SLV TLT UNG USO QQQ IWM RWM DOG AGG PSQ IJH XLK EWJ EWA VTI XLE SH EFA XLF
Prior to gaining access to overnight trading sessions, however, clients will need US Stock trading permission. The launch is helpful for traders because it will allow them to make a decision on the market without any delay. US forex brokers are looking at the move with an optimistic tone in their approach.
The fact that traders will have greater flexibility to trade whenever they choose to take advantage of investing possibilities brings that approach to reality.
Steve Sanders, executive vice president of marketing and product development at Interactive Brokers, reiterated these sentiments by adding that global investors would now be able to react to market-moving news whenever it occurs, not just during US business hours.
At the same time, Interactive Brokers announced the opening of a new office in Dublin, Ireland, with the capacity to execute trades automatically and to store commodities, securities, and foreign exchange. Since 2020, Interactive Brokers has been serving the European market. With a new office in town, the company will be able to accommodate a greater number of staff, thereby enhancing its offers and efficiency.
Interactive Brokers entered the European market two years ago, but the company has existed since 1977. The company’s headquarters are located in Greenwich and it offers a vast array of products, including but not limited to Indices, Mutual Funds, Stocks, Futures, and Options.
It is constantly looking to add more financial products. One can read more to get details about the offerings of Interactive Brokers.
The online trading platform is designed to serve both individual and institutional clients. It is regarded among the leading online trading platforms. Traders on the platform have access to a variety of tools that help them comprehend the market, assess the situation, and make an informed trading decision.
It was seen to offer over 26,000 funds across 285 fund organizations at the time of writing the article.
Overnight trading hours are a game changer for Interactive Brokers. It helps investors all across the world, but particularly in the Asian market, keep track of their US ETF holdings.