Trading conditions on US markets
Updated on Novembre 16th, 2022
How to access the US market
Trading operations on the US markets does not require to open an account in US dollars: the liquidity is always available to trade on all US Stock markets (CME or US Stocks), with an immediate euro-dollar conversion and without costs.
This applies to both purchases and sales orders (exchange rate detected by LMAX at 10pm, applied by 11pm to operations on the same day).
Free realtime quotes (last bid and last ask price) on NYSE and NASDAQ are integrated in all Directa platform.
Applicable commission plans
The commission per executed order is $ 9 flat for NYSE, NASDAQ e AMEX and it is $ 15 flat for OTC.
When placing an order on the U.S. market, there is no neeed to specify the destination circuit: orders are automatically forwarded to the ECN in pre-market, while in the Regular Session, the choice of circuit for execution is managed according to the best execution criterion.
For some securities, only the Market Maker is available.
Trading hours in the U.S. markets in the pre-market session have been extended, bringing forward the opening to 1 p.m. from the previous 2:30 p.m.
Orders placed in the pre-market session - if not executed - are then automatically forwarded to the regular market session from 3:30 p.m. to 10 p.m.
- with daily validity
- with a price limit
- with a maximum quantity of 25,000 shares.
Orders at market price and/or with multi-day validity, conditional orders (stop loss orders and others) and those with quantity exceeding 25,000 shares, will only be placed in Regular Session (from 3:30 p.m. to 10 p.m.) and will not be able to participate in the pre-market session (1:00 p.m. to 3:30 p.m.).
For further information about the functions of individual ECNs we refer you to their sites: