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

Stock Trading Period: On normal market days, Composer’s stock trading period is from 3:45 PM to 4:00 PM Eastern Time.
Crypto Trading Period: Composer’s crypto trading period is from 3:45 PM to 4:15 PM Eastern Time every day.
Early Close Days: On days when the stock market closes early, the trading period is moved up: the stock trading period is from 12:45 PM to 1:00 PM Eastern Time and the crypto trading period is from 12:45 PM to 1:15 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.

Stock Symphony: Orders will be executed during the next stock trading period.
Crypto Symphony: Orders will be executed during the next crypto trading period.
Hybrid Symphony: Crypto orders will be executed during the next crypto trading period and stock orders will be executed during the next stock trading period.

Liquidating a Symphony

Stock 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 15 minutes after the market next opens. Liquidation orders placed right at market open may be executed with a slight delay to mitigate volatility and secure a stable price.
Crypto Symphony: Orders to fully liquidate a symphony are executed immediately if placed outside the crypto trading period (i.e., before 3:45 PM or after 4:15 PM Eastern Time).
Hybrid Symphony: When fully liquidating a hybrid symphony, the stocks and crypto the symphony held are both liquidated. Orders to liquidate crypto holdings are executed immediately if placed outside the crypto trading period. Orders to liquidate stock holdings are executed immediately if placed while the market is open and before the stock trading period. Orders to liquidate stock holdings placed right at the market open may be executed with a slight delay to mitigate volatility and secure a stable price. Orders to liquidate stock holdings placed after market hours will be executed 15 minutes after the stock market next opens.