What are AMO orders and how to place them on Espresso platforms

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What are AMO orders and how to place them on Espresso platforms

February 02, 2022
What are AMO orders and how to place them on Espresso platforms

After Market Order (AMO) is a facility that allows users to place orders post market hours for the next trading day.

What is the advantage of an AMO order?

It happens often that traders/investors cannot track the market actively. At such times, if they have some specific price on which they want to create a position or square off an open position on the next trading day, instead of waiting for the market to open, they can place the order with the AMO facility.

What are AMO timings?

The AMO facility is currently available in the Equity and F&O segments. Here are the AMO timings on Espresso platforms:

Equity (NSE/BSE)

From 6 to 9 PM and from 11 PM to 8:58 AM the next trading day.

Orders will be pushed to the Exchange starting at 9 AM the next trading day

Equity Derivative (F&O)

From 6 to 9 PM and from 11 PM to 8:45 AM the next trading day.

Orders will be pushed to the Exchange starting at 9:15 AM the next trading day

How to place AMO orders on Espresso platforms

To place an AMO order, all you have to do is log in to the Espresso platform of your choice—App, Website or desktop app Binge—and place an order. As long as the order is placed during the AMO timings mentioned earlier, your order will go through.

Sample AMO order placement on the Espresso app

Once you are logged in to the Espresso app, tap the Market Status icon on the top-right of your screen:


Once the AMO placement window is open, Market Status will change from Closed to AH Open, as seen in the following screenshot:


Now select your desired stock/contract and simply place an order as you normally would when the market is open. With Espresso, there is no need for you to select or tap any AMO button/category.


Once the system accepts your AMO order, you’ll be able to see it on the Order Book, displaying the AFTER HOUR status, as seen here:



How to modify or cancel AMO orders?

Modification and cancellation of AMO orders are allowed till the AMO window is open. You cannot modify or cancel AMO orders once the market opens. For modification of an AMO order, you can edit quantity price subject to the availability of margin.

Important points to be noted for the AMO facility

  • In the Equity segment, the system will accept Sell orders for carry forwarded qty but if the user is an eDIS user (non-POA), then order execution is subject to CDSL authorization on the next trading day.
  • In the Equity Derivative (F&O) segment for Future Buy/Sell and Option selling, Span+ GE margin while placing AMO order may wary from next trading day’s Span + GE, so users need to maintain sufficient margin to avoid violation and penalty.
  • All AMO orders in the Equity Derivative (F&O) segment will be pushed to the Exchange once it gets opened for trading, max time of 5 mins can be taken by Espresso systems subject to overall number of orders.
  • In case of corporate actions/lot size changes, AMO order may get rejected by system/Exchange.

Team Espresso
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