Whole shares trading is allowed when the order type is Market/Limit/Stop Orders. Fractional shares trading is allowed when the order type is Market/Stop Orders.
All unfilled or partially filled OTC orders that were placed in the market hours will be cancelled at 4 PM ET. Any new order placed after 4 PM ET will be queued for the following day.
No, any OTC security order cannot be placed or executed during the Extended hours. It can only be executed during core trading hours (9:30 PM - 4 PM ET).
OTC orders are executed only during core trading hours i.e. 9:30 PM ET to 4 PM ET. All OTC orders are valid only for that day's market session. Any order placed after 4 PM ET is considered queued for the following day’s market session.
Over 200+ OTC securities are now available to trade as mentioned in theblog. You can search for these securities on the platform using the symbol and get going!
Over-the-counter (OTC) securities are securities that are traded via broker-dealer networks as opposed to acentralized exchange since they are not listed on any major exchange. Some common types of OTC securities include Bonds, ADRs, ETFs, Foreign ...