What is an After Market Order (AMO)?
An After Market Order (AMO) is a type of order that allows you to place trades outside of regular trading hours. These orders are stored in the broker's system and executed when the market opens. You can use AMOs for all types of products, including intraday and overnight.
You can place, modify, or cancel AMOs during the following times:
|
Segment |
Timings |
|
Equity |
NSE: 3:45 PM
to 8:58 AM |
|
F&O |
3:45 PM to
9:10 AM |
If you haven't submitted a Direct Debit Pledge Instruction (DDPI), which is a document enabling your broker to debit your demat account without a separate daily authorisation (TPIN) to the depository, you can only place a Overnight Sell AMO for stocks bought that day (T day) on the next day (T+1) after 6:30 AM. For stocks already in your demat account, you can place an Overnight Sell AMO after 5 PM each day because TPIN authorization is accepted by the depository after that time.
Clients can submit a DDPI to avoid these restrictions. There are no such restrictions on buy orders.
AMOs are sent to the exchange by our system as soon as that segment is open for trading, i.e. 9.00 am for equity and 9.15 am for equity derivatives
AMOs are not allowed for stocks that trade via Periodic Call Auction, and for stocks prior to their listing on listing day.
021 does not offer AMOs for now, however we are hard at work on improving our user experience and will introduce it shortly.
