Interactive Brokers Announces Expansion of Its Overnight Trading Hours Service

Interactive Brokers, one of the biggest US-based brokerage firms, announced that it has expanded its Overnight Trading Hours service, which now lists more than 10,000 U.S. stocks and ETFs.

The enhanced service allows clients to trade a wider range of U.S. equities and ETFs nearly 24 hour a day, five days a week, which greatly reduces the restrictions on trading products and trading hours across different markets.

In addition, to supplement the Overnight Trading liquidity provided by its own IBEOS Alternative Trading System (ATS), Interactive Brokers has now connected to the Blue Ocean ATS.

Interactive Brokers' regular market hours, extended hours and Overnight Trading Hours enable clients to trade eligible US stocks and ETFs nearly 24 hours a day, five days a week. Overnight Trading Hours are from 8:00 pm ET to 3:50 am ET, with the first session of the week beginning on Sunday at 8:00 pm ET and the last session ending on Friday at 3:50 am ET. Any trades executed between 8:00 pm ET and 12:00 am ET will carry a trade date of the following trade day.

Milan Galik, CEO at Interactive Brokers, said: "Overnight Trading is an important service that helps our clients make timely trading decisions and capture investment opportunities around the clock. By extending Overnight Trading to thousands of US stocks and ETFs, our global clients have a greater choice of what and when to trade at almost any time. When clients choose Overnight Trading to place an order, the IB SmartRoutingSM technology automatically routes the order to the optimal Overnight Trading destination."

Brian Hyndman, CEO at Blue Ocean Technologies, a unique capital markets Fintech focused on global afterhours trading and the provider of Blue Ocean ATS, said: "Interactive Brokers is the perfect broker for us to connect to because of their global footprint and commitment to market access for investors worldwide. We are pleased to collaborate with Interactive Brokers and help further our mission to give investors the ability to trade US markets regardless of their time zone."

Last week, Fazzaco reported that Interactive Brokers experienced a significant growth during the first half of 2023​, recording the net revenue of $2,056 million, jumping 58% from $1,301 million in the year-ago semester.