| Place a Premarket Stock
Order |
| To place an order during the Premarket session, you must have a Fidelity brokerage
account. |
| Please read
Premarket Session Hours for information on when you can place orders during this session. |
| Note: To place a Premarket session order where you have specified tax lot shares, refer to Premarket Session Specific Shares
Order. |
| Before you begin, select Lookup
Symbol if you don't know the stock's trading symbol. |
| 1. |
Select the Accounts & Trade tab and then
select Trade. |
|
Tip: To calculate the commission for the order, select Commission Calculator
before proceeding to the next step. |
| 2. |
From the table of contents, select Trade Extended
Hours. |
|
The Premarket session and the Premarket Trade
Stock Orders screen are only available from 7:30 to 9:15 a.m. Eastern Time, Monday through Friday
excluding market holidays. |
| 3. |
Select an account for the trade
order. |
| 4. |
Select and enter the order
information. |
|
|
Tips: |
|
|
You cannot change the Order Price
Type. |
| |
Enter a symbol in the Extended Hours Quote box to get a real-time quote* from the ECN. |
| |
* This quote will be the best real-time quote for a stock eligible for trading during the Premarket session from the ECN in which Fidelity participates. Premarket quotes obtained from Fidelity.com will only reflect the prices available in the ECN, linked ECNs, and Nasdaq's SelectNet, when available. |
| |
Select Order Book, and then enter a symbol in the Order Book Symbol box to get an
expanded view of the extended hours market. The Order Book quote provides a list of the current best ten matching
ask and bid orders for the security. |
|
|
The Time-in-force can be either Day or Immediate
or Cancel. |
|
|
There is no minimum number of shares and the
maximum quantity is 5000 shares. |
|
|
For immediate or cancel orders, the minimum
quantity is 200 shares. |
|
|
The trade type field only displays if you have a
Margin Agreement on file with Fidelity. When this field displays, Margin is selected. However, you can
change the selection to Cash. If this field does not display, the Trade Type for the order is Cash,
because Cash is the only applicable option. |
|
|
Do not select the Tax Lots Choose Specific Shares
field unless you want to specify the tax lot shares to trade as part of the order. If you select this
field, refer to Premarket Session
Specific Shares Order and start with step 5 for further instructions. |
| 5. |
Click Preview Order to continue. Or, click Clear
to clear the order and start over. |
| 6. |
Review the order and make sure the information is
correct and do one of the following: |
|
- |
If correct, click Place Order |
|
- |
If not, click Void to return to the order entry
screen without placing the order |
| 7. |
After you place the order, you receive a
confirmation number indicating that the order was received. |
|
|
Tip: From your browser's File menu, select Print to print the confirmation.
From the Orders screen, you can select Details and use the order confirmation number and market session information to identify particular orders
placed during different market sessions. |
| During the Premarket session, only
those participating ECNs with links to the ECN and participating market makers will be accessible for
order execution. |
| Premarket Session Hours |
| ECN orders for the Premarket session
can be placed from 7:30 to 9:15 a.m. Eastern Time. ECN orders can only be displayed and executed after 8
a.m. Eastern Time. REDIBook is the primary destination for
Premarket orders. From 7:30 to 8:00 a.m. Eastern Time, orders are queued at Fidelity. At 8 a.m., Fidelity
transmits orders to the ECN and the transmitted orders are queued at REDIBook according to the time
received and the specified limit price. |
| After 8 a.m., Fidelity continues to
send orders to the ECN in the order in which Fidelity receives them until 9:15 a.m. unless trading is
halted prior to 9:15 a.m. |
| In the event that REDIBook is
unavailable at the regular time for the Premarket session, orders may be queued at Fidelity in the order
in which they are received to be submitted to another eligible ECN to which Fidelity is
linked. |
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