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Trading Rules

U.S. Stock Market Regular Trading Hours

U.S. Eastern Standard Time (EST)09:30 AM – 16:00 PM
China Standard Time10:30 PM – 05:00 AMStandard Time
09:30 PM – 04:00 AMDaylight Savings Time

Daylight Savings Time starts from the second Sunday in March and ends on the first Sunday in November each year. Standard Time starts from the first Sunday in November and ends on the second Sunday in March each year.

U.S. Stock Trading and Settlement Mechanism

Day Trading

Day trading is a mode of trading where a client buys or sells a certain stock or stock option position on the same trading day. Day trading is often referred to as T+0 trading. Longbridge accounts can engage in unlimited day trading.

Short-Selling Rules

Support the short-selling of U.S. stocks.

Clearing Rules

U.S. stocks are subject to a T+1 closing system under which the clearing and closing process is not completed until the first business day after the transaction.

Minimum Board Lot Size and Price Limits for U.S. Stocks

The minimum board lot size for U.S. stocks is 1 share (odd lot trading is currently not supported), and there is no single-day price limit

Minimum Stock Tick Size

Minimum stock tick size: USD 0.0001 for stocks trading under USD 1 and USD 0.01 for stocks trading above USD 1

Are Pre-Market and After-Hours Trading Supported?

Pre-market and after-hours trading of U.S. stocks outside of continuous trading hours is permitted. Pre-market and after-hours orders will be submitted to the exchange for order matching. Nasdaq has a special pre-market and after-hours trading session, while various securities brokers have different requirements for the hours of pre-market and after-hours trading sessions. Longbridge’s trading platform regulations are as follows.

Pre-market trading hours for U.S. stocks4:00 a.m. - 9:30 a.m. (ET)

China (Daylight Savings Time):

4:00 p.m. - 9:30 p.m.

China (Standard Time):

5:00 p.m. - 10:30 p.m.

After-hours trading hours4:00 p.m. - 8:00 p.m. (ET)
China (Daylight Savings Time): 
4:00 a.m. - 8:00 a.m.

China (Standard Time):

5:00 a.m. - 9:00 a.m.

After-hours trading hours for U.S. stocks on half-day trading days1:00 p.m. - 5:00 p.m. (ET)
China (Daylight Savings Time): 
1:00 a.m. - 5:00 a.m.
China (Standard Time): 
2:00 a.m. - 6:00 a.m.

Overnight trading

Longbridge also supports overnight trading. Orders can be placed in Overnight Trading Session, and unfulfilled orders will be cancelled automatically at the end of overnight trading.

Overnight trading hours are from )8:00 p.m. to 3:50 a.m. (T+1) ET.