A buy or sell instruction is created when a trade is placed outside of market hours* or during an intra-day auction. Your instruction will be converted into a trade when the market opens on the next trading day or once the intra-day auction has ended.
While you have pending buy instructions, the purchase value of those instructions will be held by us in order to make the purchase when the market is open and will not, therefore, be available as free cash. If you want to access the cash, you will need to cancel the buy instructions.
*AUS trading hours are between 10:00 and 16:00 AEDT Monday to Friday (excluding public holidays). AUS trading will be closed on Australian public holidays.
*USD trading hours are between 9:35 and 15:50 EST Monday to Friday. USD trading will be closed on U.S. holidays