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How to Place a Trade

Market Hours


Open an account

You can place an order through

TD Waterhouse
anytime, from anywhere.
TD Waterhouse
will then facilitate your order during the market's regular business hours. The only non-trading days are Saturdays, Sundays, statutory holidays and stock exchange holidays.

Your best assurance of obtaining the market opening price for applicable investment products (i.e. equities or options) is to enter your order at least 15 minutes before the market opens. Please note that this does not apply to fixed income or money market investments.

To ensure your order is processed before market closing, please be sure the order is placed within a reasonable time (i.e. not just before the market closes). Should delays or system failures occur,

TD Waterhouse
is not responsible for missed opportunities.
TD Waterhouse
also offers Extended Hours Trading. Learn more about it.
Open (ET) - Close (ET)
Canadian Exchange-Traded Equities & Options
TSX, TSX Venture, ME, CDN9:30 a.m. - 4:00 p.m.
Alternative Trading Markets9:30 a.m. - 4:00 p.m.
Canadian Equity Options9:35 a.m. - 4:00 p.m.
&SP/TSXI-60(XIU) Index Options9:30 a.m. - 4:15 p.m.
TSE Last-Sale Trading Session4:05 p.m. - 5:00 p.m.
Canadian Bond Options8:20 a.m. - 4:00 p.m.
U.S. Exchange-Traded Equities & Options
U.S Interest Rate Options8:20 a.m. - 3:00 p.m.
NYSE, AMEX, NASDAQ9:30 a.m. - 4:00 p.m.
PSE (Pacific Stock Exchange)9:30 a.m. - 4:30 p.m.
U.S. Equity Options9:30 a.m. - 4:02 p.m.
U.S. Index Options
Broad-based (OEX, SPX)9:30 a.m. - 4:15 p.m.
Narrow-based (DIX)9:30 a.m. - 4:15 p.m.
Transport (DTX)9:30 a.m. - 4:02 p.m.
Utilities (DUX)9:30 a.m. - 4:02 p.m.
Extended U.S. Trading Hours4:30 p.m. - 7:00 p.m.
Mutual Funds*
Bonds & Debentures
Government of Canada Bonds8:30 a.m. - 4:30 p.m.
Strip Bonds8:30 a.m. - 4:30 p.m.
U.S. Treasury Bonds and Notes8:30 a.m. - 4:30 p.m.
Corporate Bonds8:30 a.m. - 4:30 p.m.
Provincial Bonds8:30 a.m. - 4:30 p.m.
Municipal Bonds8:30 a.m. - 4:30 p.m.
Mortgage-backed securities8:30 a.m. - 4:30 p.m.
U.S. Pay bonds (and Provincials)8:30 a.m. - 4:30 p.m.
Eurobonds (CDA, U.S., Australia, New Zealand, Rand)9:30 a.m. - 5:00 p.m.
Eurobonds (all other currencies)9:30 a.m. - 11:00 a.m.
Money Market (for same-day settlement)
Treasury Bills
(U.S. and CDN Pay)8:30 a.m. - 4:00 p.m.
Commercial Paper8:30 a.m. - 4:00 p.m.
Bankers Acceptances8:30 a.m. - 4:00 p.m.
Promissory Notes8:30 a.m. - 2:00 p.m.
GICs/Term Deposits8:30 a.m. - 2:00 p.m.
Foreign Currency Deposits/GICs8:30 a.m. - 2:00 p.m.


* Mutual Funds orders placed by phone or through the electronic brokerage must be received by 3:00 p.m. ET to be guaranteed the same day's closing net asset value (assuming same-day valuation).