During the specified trading times for each venue, Direct Access allows you to enter buy and sell orders for NASDAQ, Listed, and OTC stocks. The table below shows a list of all the action types allowed with Direct Access.
|
Action Types |
|---|
|
Buy |
|
Sell |
|
Short |
|
Cancel |
|
Cancel All |
The change order function is not accepted when routing orders via Direct Access.
Each venue has different order types, hours of operation, and order conditions. The table below shows a quick reference guide for each destination:
|
Order Destination |
Type of Channel |
Hours of Operation (Eastern Time) |
Order Types |
Order Conditions |
Security Types Traded |
|---|---|---|---|---|---|
|
(NYSE Arca) |
ECN |
7:00 a.m. - 8:00 p.m | Limit, Market (Market Hours Only), Market-Peg (Market Hours Only), Primary-Peg (Market Hours Only |
Day, IOC, Max Floor, Peg Diff, Discretion |
NNM, Listed, OTC |
|
NSDQ (NASDAQ) |
Exchange |
7:00 a.m. - 8:00 p.m. |
Limit, Limit Invisible, Market (Market Hours Only) |
Day, IOC |
NNM, Listed |