Which brokers accept opening and closing auction orders on NYSE and Nasdaq?

[Maverick2608]

... besides Interactive Brokers.

Which brokers accept market-on-open, limit-on-open, market-on-close or limit-on-close orders for NYSE and Nasdaq opening and closing auctions?

Thank you.

 

[Robert Morse]

We do. Doesn't everyone?

 

[Shadetree42]

Most retail brokers I have checked (TDA, etc.) do not offer limit on open or limit on close orders.

 

[Robert Morse]

 

[Overnight]

View attachment 180152

OMM, did you just do a *mic drop*? Didn't know you were that hip to the youth scene.

 

[Maverick2608]

View attachment 180152

Is the picture from the Lightspeed or TDA trading platform? Sorry for being slow-witted.

With regard to Lightspeed, do standard commission rates apply also to auction orders?

Thank you.

 

[Robert Morse]

That is Lightspeed Trader. You would have to pay the NYSE or NASDAQ exchange fee plus our commission.

 

[SoesWasBetter]

What exactly is the edge to using those orders for a retail trader?

 

[d08]

The edge is not paying the spread. Also, you can move relatively large size in closing auctions and sometimes in the opening as well.

 

[SoesWasBetter]

not paying the spread, but you don't know the fill price. what edge is that? size, I get