Robinhood launched the 24 Hour Market last year to provide access to investing 24 hours a day, 5 days a week.
On February 15, Robinhood released an update that brings the total number of available stocks and ETFs in the 24 Hour Market to 922.
"With the 24 Hour Market, people can place limit orders to buy whole shares of some of the most
widely traded ETFs and individual stocks 24 hours a day, five days a week. 24 Hour Market allows clients to invest when they want, on their own schedule," the company said in a statement.
24 Hour Market opens at 8 p.m. ET on Sunday and closes at 8 p.m. ET on Friday.
To access 24 Hour Market Robinhood in the app, you will need to:
- Select a stock or ETF. Stocks and ETFs that trade for 24 hours will be highlighted in the app. The 24 Hour Market list also displays the 922 stocks and ETFs that can be traded.
- Set price. Clients can place orders on the 24 Hour Market using Limit Order flow. Clients first enter the maximum price they are willing to buy or the minimum price they are willing to sell.
- Set the trading hours and the effective time. Select the 24-hour market trading session and specify when the limit order will execute or expire.
- Select the number of shares. After selecting the number of shares to buy, traders will see a brief description of the order, including the limit price, effective time, and total estimated value. This is followed by a request to click the "Submit" button.
Robinhood reminds clients that the 24 Hour Market offers real-time trading, allowing them to manage their portfolio and adapt to new information at any time.
The company also warns that after-hours trading carries additional risks such as reduced liquidity, increased volatility, wider spreads, and price uncertainty.
Earlier, Robinhood released its Q4 20/23 report, saying that total net revenue increased 24 percent year-over-year to $471 million, primarily due to increases in net interest income, transaction revenue, and other revenue.
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