- Extended hours offering now provides clients with an initial three-hour increase in trading windows
- Investors will be able to get in front of key news and events for trading
- 10 stocks at launch including Apple, Amazon and Tesla, with 20 more to follow
10th July 2023: Investment and trading platform eToro has launched extended hours stock trading for users. This will enable investors on the platform to buy and sell a selection of 30 US stocks outside normal trading hours.
The new functionality, initially covering pre-market, gives investors the opportunity to access the market during more convenient hours for them, and take advantage of out of hours trading events such as earnings reports or macro events.
Users will be able to access extended hours stocks through a separate instrument to in-hours investing, and will be available as a CFD. The new instruments will give investors an extra three hours of time to invest each day to access pre-market trading, with post-market functionality coming soon. Ten stocks will be available initially at launch: Tesla, Amazon, Apple, Nio, Meta, Microsoft, Alphabet, Nvidia, GameStop and Netflix
Dan Moczulski, UK Managing Director of eToro, commented: “With US companies releasing results and news outside market hours, there can often be significant price movement before the opening bell. Pre-market trading allows retail investors to get on the front foot by either getting in early or protecting themselves against market gaps via hedging. For many investors, accessing the US market is incredibly important, so this is an effort to provide US market investing in more sociable investing hours.
“Ultimately, this is great news for eToro users. The 24/7 crypto markets have shown us that more access encourages people to engage with markets, so with this offering, eToro clients will be able to make investments when it suits them, instead of waiting for markets to catch up.”
For eToro investors, the key benefits of extended hours trading include:
- Real-time reaction: to news events and data prints, without market schedule restrictions.
- Global markets reaction: as earlier-starting markets set the agenda for the rest of the world.
- Increased flexibility: for those who want to make trades around their schedules.
- Reducing risk: possible for investors to get ahead of the main market and its reaction, thereby reducing out-of-hours gap risks.
- Regular hours preparation: enabling investors to be ready for the opening bell.
Users on the eToro platform will be able to find stocks under the .EXT ticker for the given stock. All extended hours instruments are CFDs and there will be no cost difference in fee terms between after and normal hours traded instruments. Spreads may differ however thanks to trading liquidity variations.
Moczulski concludes: “This launch is yet another example of eToro providing clients with the tools to meet their investing needs – from beginners to more sophisticated traders. By further opening up markets, more people will now have access to an offering which was previously limited to few.”
-ENDS-
Notes to editors
Media contact
PR@etoro.com
About eToro
eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have over 32 million registered users from more than 100 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media centre here for our latest news.
Disclaimers:
eToro (Europe) Ltd is regulated in Cyprus by the Cyprus Securities and Exchange Commission, under Licence No. 109/10. eToro (UK) Ltd authorised and regulated by the Financial Conduct Authority in the UK under the Licence FRN 583263. eToro AUS Capital Limited by the Australian Securities and Investments Commission in Australia License 491139. eToro (Seychelles) Ltd licensed by the Financial Services Authority in the Seychelles to provide broker-dealer services under the Securities Act 2007 Licence #SD076.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication.