An After Market Order (AMO) is an order to buy or sell securities that are not traded on the stock exchanges during regular trading hours. AMO is placed with broker-dealers who execute the order in the over-the-counter (OTC) market. • The OTC market is a decentralized market where dealers trade directly with one another, rather than through a centralized exchange. • The OTC market is not subject to the same regulations as the exchanges, so it can be riskier. • AMO can be placed for both buying and selling securities. When you place an AMO to buy shares, you are agreeing to pay the dealer's asking price. • When you place an AMO to sell shares, you are agreeing to accept the dealer's bid price. • AMO is often used by investors who want to buy or sell shares of a company that is not listed on a major exchange.