Place after hours market order through IB

T

teun

Tonight was the first time for me to place a (smart) market order on a stock after hours (broker = IB, I checked the box "fill before/after regular trading hours").

Normally (with a market order) the system immediately answers that the order is filled. In this case, the system only told that the order was acknowledged by the exchange. And when I tried to cancel it (after I saw it didn't execute) the system hang.

When afterwards I placed a limit order, it was filled according to expectations.

So can I conclude that one can't use (smart) market orders after hours with IB?
 
Unless you're trading something extremely liquid, you're going to be paying a multiple dollar spread afterhours.
 
Quote from trom:

Unless you're trading something extremely liquid, you're going to be paying a multiple dollar spread afterhours.
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I was trading something extremely liquid. Normally I always place limit orders during a/h.
 
From IB site:

Unlike Limit orders, Market orders are not guaranteed a specific execution price, and we do not accept Smart Routing Market orders when the primary exchange at which an equity trades is closed.
 
I really wish IB would display the bids & offers of after-hours that are placed by other brokers as well. They go thru on IB, but IB doesn't display them (at least based on the standard quotes package).
 
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