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After market order

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  #1  
Old 5th December 2007, 09:39 PM
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Default After market order

Hi,

can some one tell me whether we have any use of after market order...

Thanks
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  #2  
Old 6th January 2008, 06:59 PM
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Thumbs up Re: After market order

yes After Market Orders are of great use as they allow to place orders after the market closes. Such order placing facility enable you to place order at your convenient time without waiting for markets to open. All orders placed via AMO after the closing of the market and before its opening next are automatically sent to the exchange by the broker's system to the exchange without your presence and placed in the exchange.
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Old 6th January 2008, 08:04 PM
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Default Re: After market order

Quote:
Originally Posted by achisig View Post
yes After Market Orders are of great use as they allow to place orders after the market closes. Such order placing facility enable you to place order at your convenient time without waiting for markets to open. All orders placed via AMO after the closing of the market and before its opening next are automatically sent to the exchange by the broker's system to the exchange without your presence and placed in the exchange.
Can you pls tell me how we can place AMO on ICICIDirect? Thanks.
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  #4  
Old 6th January 2008, 09:57 PM
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Default Re: After market order

Quote:
Originally Posted by asadbeig View Post
Can you pls tell me how we can place AMO on ICICIDirect? Thanks.
On icicidirect, placing any order after trading hours makes it an AMO for next trading day. It appears in Order Bk with status as 'Requested' and changes to 'Ordered' when the market opens.

Vivek
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  #5  
Old 8th January 2008, 09:31 AM
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Default Re: After market order

How come Sharekhan does not allow AMO for BSE
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  #6  
Old 8th January 2008, 10:15 PM
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Default Re: After market order

Quote:
Originally Posted by achisig View Post
yes After Market Orders are of great use as they allow to place orders after the market closes. Such order placing facility enable you to place order at your convenient time without waiting for markets to open. All orders placed via AMO after the closing of the market and before its opening next are automatically sent to the exchange by the broker's system to the exchange without your presence and placed in the exchange.
My broker has Odin terminal and says he cannot place orders even at 9.50 AM, says has to wait till the market opens to place the order.

In AMO, how is the sequence of order decided : Suppose I offer to sell share X at Rs.20/- and so does someone else.... whose order shall be executed "first"?? On what basis is it decided???
Keen to know more about after market orders.
regards
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