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What times of the day can I buy or sell shares?

With Pearler you can make an order to buy or sell shares 24/7. We are currently the only broker in Australia to offer this feature.

If the market is open when you make your order it will be placed immediately. If the market is closed, it will be queued for when the market is next open.

Market open times differ between countries. On Pearler you have the ability to invest in both Australian (ASX) and American (NYSE & NASDAQ) stocks and ETFs. The market open times for these countries are as follows:

  • Australia (ASX): 10:00 am to 4:00 pm Australian Eastern Daylight Time (AEDT; GMT +11:00)

  • America (NYSE & NASDAQ): 9:30 am to 4 pm Eastern Standard Time (ET; GMT -05:00).

If you make a buy order within these times for the respective market, then the order will be immediately placed and the exact amount will be deducted from your Pearler cash balance.

If you make a buy order outside these times then the order will be queued on your behalf, and a hold will be placed on your Pearler cash balance for the amount of the order +/- 5%. Your order will then be placed an hour or two after the market next opens (note: orders aren't placed immediately after the market opens because the market is typically most volatile on market open).

Similarly, a sell order made within market hours will be immediately placed while a sell order made outside market hours will be queued for the next day the market is open.

Note: market open days and business days are close to synonymous; there are a few exceptions though - if you are unsure, google the specific date and stock exchange.

help article author
Carmen

1 December 2021

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