After Market Orders (AMOs) offer traders a convenient way to place orders outside of regular trading hours, allowing them to capitalize on market opportunities even when the market is closed. By strategically using AMOs, traders can set their desired buy or sell prices in advance, enabling them to react swiftly to market movements when trading resumes. This flexibility and pre-planning provided by AMOs can help traders make informed decisions and take advantage of price fluctuations outside of traditional trading hours. Explore the benefits of After Market Orders and enhance your trading efficiency by leveraging this valuable tool in your trading strategy
The Indian Stock Market is up and running on all weekdays for:
- Equity segment, from 9:00am – 3:30pm
- F&O segment, from 9:15am – 3:30pm
- Currency segment, from 9:00am – 5:00 pm
- Commodity segment, from 09:00AM TO 11:30PM / 09:00AM TO 11:55PM [on account of change in US daylight saving timings]
Many of you cannot participate in the markets during these hours for various reasons, the most common being attending to your primary profession or day job. Fret not, the Jini has answered your wishes, because now, thanks to the AMO feature, you will never miss a trading opportunity again.
What is an After Market Order?
After Market Order (AMO) is an advance order that allows traders to place buy/sell orders after regular market hours. In other words, an AMO is similar to a normal order with the exception that it is placed after regular market hours.
An AMO order in share market for different segments has set time slots for it to be considered as valid, and they are
| Product | AMO Slots |
|---|---|
| Equity spot/cash Market | 4:00pm to 8:59am |
| Equity F&O Market | 4:00pm to 9:14am |
| Currency F&O Market | 4:00pm to 8:59am |
| Commodity Futures Market | 12:00am to 8:59am |
By now you probably have an understanding of what an AMO is, but you are probably wondering “If I place an AMO today, when exactly does it get pushed to the market?”
An AMO is pushed the next day after the market opens.
Read that again.
It is extremely important to note that all AMOs would be pushed to the next trading day. Refer below table for segment-wise timings.
| Product | Time |
|---|---|
| Equity spot/cash Market | 9:00 am |
| Equity F&O Market | 9:15 am |
| Currency F&O Market | 9:00 am |
| Commodity Futures Market | 9:00am |
Clear? Let’s move on…
Why use AMO? How does it help traders?
This handy feature provided by Tradejini works greatly for individual traders who are often unable to conduct their trades during regular market hours.
Additionally, since the price of an instrument remains static during the after-market hours, an individual can perform a detailed analysis to make his/her decision.
With AMO’s, you will never miss an opportunity to trade, all your orders will be pushed at market open and this shall also benefit you from the initial market opening price.
Isn’t that great?… Not really?… Check this…
- AMO’s can be placed on all products and on all exchanges.
- You can also utilize margin provided on all AMO intraday orders.
- No Internet? No problem.. You can also use the “Call and trade” facility provided by Tradejini to place your AMOs.
Advantages of After Market Orders
Flexibility in Trading Hours:
After Market Orders (AMOs) provide traders with the flexibility to place orders outside of regular trading hours, allowing them to react to market developments even when the market is closed. This flexibility empowers traders to set their desired price levels in advance, enabling them to take advantage of price movements before the market opens or after it closes.
Pre-planned Trading Strategies:
With After Market Orders, traders can pre-plan their trading strategies by setting buy or sell orders at specific price points during non-market hours. This proactive approach allows traders to implement their trading decisions based on predetermined criteria, reducing the need for immediate action during regular trading hours and providing a structured framework for executing trades.
Capitalizing on Overnight Developments:
By utilizing After Market Orders, traders can capitalize on overnight developments in global markets or news events that occur outside regular trading hours. This proactive trading approach enables traders to react quickly to market-moving events before the market opens, potentially gaining a competitive edge in responding to changing market conditions.
Mitigating Market Volatility:
AMOs offer traders a way to mitigate the impact of market volatility by setting orders at specific price levels outside of normal trading hours. This risk management strategy allows traders to control their exposure to sudden price fluctuations and execute trades at predetermined prices, reducing the potential impact of market uncertainty on their trading positions.
How to place an After Market Order (AMO)?
To place an After Market order (AMO), you can simply follow these steps on our platform:
Option 1 – From the Menu Bar,
Open Nest Trader, On the Menu Bar, → Click on “Orders and Trades” tab → Select “After Market Order” → Select either Buy/Sell/Basket Order → Enter details → Click “Submit”
Option 2 – Using Shortcut Keys
Open Nest Trader →
- Select “Script” from market watch → press the shortcut key “CTRL + F1” for a buy AMO → enter details → click “Submit”.
- Select “Script” from market watch → press the shortcut key “CTRL + F2” for a sell AMO → enter details → click “Submit”.
- Press the shortcut key “ALT + SHIFT + O” for a Basket AMO → enter orders → click “Place”.
Modifying and Exiting an After Market Order (AMO)
All AMO’s placed can be modified or exited via Order Book. To Modify or Exit an AMO, open Order book by using either the shortcut key (F3) or click on “View Orders and Trades” button on the menu bar → Select “Order Book”.
Noteworthy points about After Market Orders
- Smart orders like Bracket Order and Cover order are not valid under AMOs.
- AMO’s are not valid during regular market hours. Similarly, normal orders are not valid after market closing.
