Can I trade ASX shares on weekends and public holidays?
The stock market is only open Monday to Friday, not on weekends or public holidays. You can still place a trade with Superhero on the weekend or on a public holiday but your order will not trade until the market is open.
The ASX is closed for most public holidays. You can find the full list of public holidays where the ASX is closed on the ASX website.
What is CHESS?
| CHESS stands for Clearing House Electronic Subregister System. It’s a computer system operated by the Australian Securities Exchange (ASX) that facilitates the buying and selling of shares listed on the exchange. |
There are three ways to hold shares in Australia.
One is through a broker which allocates your shares to a Holder Identification Number, or ‘HIN’, commonly referred to as “CHESS-sponsored”.
Another is through the registry of the company you own shares in, where you will hold shares on a Shareholder Reference Number or ‘SRN’.
Or, you can do so via a custodian, which is a financial institution licensed to hold assets on your behalf for safekeeping. It’s like having a guardian for your shares that is holding regulatory capital in the event of any potential financial stress, which is there to protect your investments.
What time does the ASX open?
The ASX opens at 10:00am Monday to Friday (excluding public holidays). Full information regarding market open times is available on the ASX website.
What are the trading hours for the ASX?
The trading hours for the Australian stock market are 10:00am to 4:00pm Australian Eastern Standard Time (AEST) on trading days – Monday to Friday (excluding public holidays). You can find all information relating to trading hours on the ASX website.
Can I access my account and trade while I’m overseas?
The Superhero platform is accessible from outside of Australia, however there are some countries you can’t access the Superhero platform from.
Please contact us via chat or email hello@superhero.com.au if you would like more information.
