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How do scheduled investment buy orders work?
How do scheduled investment buy orders work?
Dimitris avatar
Written by Dimitris
Updated over a week ago

1. Buy orders can be scheduled to repeat either daily, weekly or monthly.

2. The time set for your recurring order will be the market open.

2.a. For example, if you create a recurring weekly order at 15:30 on a Monday, your order will reoccur at the market open (14:30) the following Monday.

2b. If you create an investment buy order outside of stock market trading hours (for US stocks, this is between 14:30 – 21:00, UK time), we’ll automatically queue your order and execute it as soon as the market reopens. So, if you set up your weekly order at 23:30 on a Monday, your order will be placed (and will reoccur) on Tuesday at 14:30.

2c. If you create a recurring order on the last day of the month (e.g. you set up your monthly order on 31st January), we’ll automatically account for months with fewer days by placing recurrences of your order on the last day possible. Please note that this could be as early as 28th, in February.

3. In the event that your recurring buy order falls on a Monday that is a Bank Holiday in the US, we’ll simply place your order when the market reopens (in this case, it would be on Tuesday at 14:30pm).

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