Trading Period
Investing in a Symphony
When you invest in a symphony, Composer automatically executes trades on your behalf according to the symphony's logic during the trading period.
Trading Period Details
- Trading Period: On normal market days, Composer’s trading period is from 3:45 PM to 4:00 PM Eastern Time.
- Early Close Days: On days when the stock market closes early, the trading period is moved up to 12:45 PM to 1:00 PM Eastern Time.
What Happens During the Trading Period?
During the trading period, Composer aggregates and executes trades for all your symphonies. For example, if your symphony is set to trade daily, trades will automatically occur every day during the trading period. Updates to your portfolio will reflect after these orders are executed.
Placing Orders
You can only place new orders to invest in, sell, or liquidate a symphony outside the trading period. No new orders can be placed during the trading period itself.
Investing in a Symphony or Selling Part of a Symphony
Any orders placed to invest in or sell part of (i.e., partially liquidate) a symphony will be executed during the next trading period.
Liquidating a Symphony
Orders to fully liquidate a symphony are executed immediately if placed when the market is open and before the stock trading period (i.e., before 3:45 PM Eastern Time on market days).
Full liquidation orders placed after market hours will be executed 1 minute after the market next opens.