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Text Courtesy Of Wikipedia
MultiCharts is a Windows-based application which is designed, sold and distributed by MultiCharts, LLC. The company is based in Columbus, Ohio, in the United States. [1] MultiCharts is an automated trading platform and technical analysis software for analyzing the financial markets and performing trade execution. It uses a proprietary programming language called PowerLanguage.After-hours trading is stock trading that occurs after the traditional trading hours of the major exchanges, such as the New York Stock Exchange and the Nasdaq Stock Market. Since 1985, the regular trading hours in the United States have been from 9:30 a.m. to 4:00 p.m. Eastern Time (ET).[1]
Example chart of extended hours trading, via Google Finance
Trading outside these regular hours is not a new phenomenon but previously was limited to high net-worth investors and institutional investors like mutual funds.[2] The emergence of private trading systems, known as electronic communication networks or ECNs, has allowed individual investors to participate in after-hours trading.
After-hours trading on a day with a normal session occurs from 4:00 to 8:00 p.m. ET.[3]
After-hours trading is frequently abbreviated on message boards as AH. That has led people to jokingly refer to after-hours trading as "amateur hour", as the people who trade during that time are mostly small retail traders and not institutional investors, and, barring material news, it frequently does not reflect how trading will be the next morning.[citation needed]
Trading also occurs before the traditional trading hours and is known as pre-market trading. Pre-market trading occurs from 7:00 to 9:30 a.m. ET.[4]
National Association of Securities Dealers (NASD) members who voluntarily entered quotations during the after-hours session are required to comply with all applicable limit order protection and display rules (e.g., the Manning rule and the SEC order handling rules).[5]
[edit]See also....In finance, an Electronic trading platform is a computer system that can be used to place orders for financial products over a network with a financial intermediary. This includes products such as shares, bonds, currencies, commodities and derivatives with a financial intermediary, such as a brokers, market makers, Investment banks or stock exchanges. Such platforms allow electronic trading to be carried out by users from any location and are in contrast to traditional floor trading using open outcry and telephone based trading.
Electronic trading platforms typically stream live market prices on which users can trade and may provide additional trading tools, such as charting packages, news feeds and account management functions. Some platforms have been specifically designed to allow individuals to gain access to financial markets that could traditionally only be accessed by specialist trading firms such as allowing margin trading on forex and derivatives such as contract for difference. They may also be designed to automatically trade specific strategies based on technical analysis or to do high-frequency trading.
