GTC

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A good-'til-cancelled (GTC) order is a type of order that remains in effect until it is either executed (filled) or cancelled, as opposed to a day order, which expires if not executed by the end of the trading day.[1] A GTC option order is an order which if not executed will be automatically cancelled at the option's expiration.

Common GTC order types are limit orders and stop orders.

Futures[edit]

Some futures markets trade side-by-side, meaning the exchange offers open auction trading and electronic trading at the same time. GTC orders are normally place in one trading venue.

References[edit]

  1. good-till-cancelled order. Businessdictionary.com.