After Market Order (AMO)

After Market Order (AMO) is a facility that allows investors to place buy or sell orders outside of regular trading hours. This is especially useful for retail investors who may not be able to actively monitor the market during trading hours or want to respond to global events that occur post-market.

An AMO is an order placed after market hours, which gets queued for the next trading session. It ensures that your order is ready for execution when the market opens, helping investors act in advance.

Here’s how AMO works step-by-step:

1. Place an AMO using your trading platform after the market closes.
   

2. Order enters broker’s queue and is held until the market opens.
   

3. Submitted during pre-open session, usually between 9:00–9:15 AM (NSE/BSE).
   

4. Executed after the market opens, subject to price match and liquidity.

Here are some key features to note:

• Available during specific windows, usually between 4:00 PM – 8:59 AM.
  

• Useful for advance planning and reduced rush.
  

• Available across NSE, BSE, commodities, and F&O segments (varies by broker).
  

• Orders can be modified or canceled before the execution window.

After Market Orders (AMOs) let you place trades outside regular market hours. They come in different types:

• Market AMO: Executes at the available market price once the market opens.
  

• Limit AMO: Executes only at the specified or favorable price.
  

• Stop-Loss AMO: Triggers a market or limit order once a set price is breached, helping limit losses. Not all brokers support this in AMO mode, so availability may vary.

Suppose ABC Ltd trades within ₹480–₹500. At 9:00 PM, you place a limit buy AMO at ₹490. If the stock trades at ₹490 the next day and sufficient liquidity is available, the order may get executed during market hours.

After-market orders may serve the following functions:

• Provides flexibility to place orders outside trading hours.
  

• Allows investors to respond to developments occurring after market close.
  

• Reduces the need to rush during market hours.

• Useful for working professionals who can't track live markets.

Keep these risks in mind before using AMOs:

• Price gaps may occur between AMO placement and market open.
  

• Liquidity issues—low volumes may delay execution.
  

• Orders can be affected by overnight news or volatility.
  

• Not all brokers support all AMO types or segments.

How to place an after-market order

Here’s a quick step-by-step to place an AMO:

Step 1: Log in to your trading app or platform.

Step 2: Navigate to the stock and select Buy or Sell.

Step 3: Enter the order type (Market or Limit) along with the price.

Step 4: Choose AMO (After Market Order) as the timing option.

Step 5: Confirm the details and submit the order.

After-market orders: Key aspects

Following points may be considered when placing AMOs:

• Use limit orders to avoid unfavorable executions.
  

• Avoid illiquid or highly volatile stocks.
  

• Review order details carefully before submission.
  

• Place orders well before the broker's AMO cut-off time.

AMOs offer flexibility and convenience for retail investors who can’t monitor the markets all day. While AMOs come with some risks and limitations, they can be useful for pre-planning trades, particularly when limit pricing is applied to manage execution risk.

This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.