I am wondering the likelihood of an order being fulfilled outside of market opening times.
For example, a FTSE company closes a day at a price of 10.00. The next morning they announce good news at 7am. When the market opens at 8.am, the price is already up to 11.00
If I were to put a buy order at 7.30am to buy if the price gets to 10.10, what is the likelihood that this will get fulfilled as the price has jumped up so quickly 'over night'?
Is it a case of crazy volatility at 8am and if you get it you get it, if you miss it you miss it? Or are all the orders queued? Or does it depend on the size of your order?
Would the likelihood differ between share trading and spread betting?
Could anyone explain this in more deatail for me?
Thanks
For example, a FTSE company closes a day at a price of 10.00. The next morning they announce good news at 7am. When the market opens at 8.am, the price is already up to 11.00
If I were to put a buy order at 7.30am to buy if the price gets to 10.10, what is the likelihood that this will get fulfilled as the price has jumped up so quickly 'over night'?
Is it a case of crazy volatility at 8am and if you get it you get it, if you miss it you miss it? Or are all the orders queued? Or does it depend on the size of your order?
Would the likelihood differ between share trading and spread betting?
Could anyone explain this in more deatail for me?
Thanks