How long does it take to process an order from the time it is placed?
Trades are filled as follows: Market Open Orders All Market Open orders placed before the opening bell (9:30 a.m. EST) will be executed, based on the opening price, at or around 9:50 a.m. assuming there is sufficient Market Volume for the order. If there is insufficient volume for the order to be executed or an opening price has yet to be established (i.e. there is zero volume), we will attempt to complete the order every 20 minutes until the market closes. If the stock does not generate sufficient trading volume by the closing bell, the order will expire. Also, we will partially fill orders whenever possible (the remaining un-purchased shares will NOT be filled at a later time for Market Open orders). Market Close Orders All Market Close orders will be executed at or around 45 minutes after the closing bell (4:00 p.m. EST), assuming there is sufficient Market Volume for the order.
During market hours, orders are executed upon arrival to our servers and executed instantaneously. Orders are executed in the order received. The Spartan Trader system is designed to perform under substantial loads, but as with any system, at extreme load orders may be delayed. After trading hours, the orders you submit will be pending orders and will be executed immediately when the market reopens.
