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Good 'Til Cancelled Order

An order to a broker to buy or sell a security at a certain price whenever that price becomes available. Theoretically, such an order is standing indefinitely until either the security is bought or sold at the specified price or the investor cancels the order. In practice, GTCs generally expire 30-60 days after they are made if they have not been filled, unless the investor reiterates them. A GTC is also known as an open order.


Good 'til canceled (GTC).

If you want to buy or sell a security at a specific price, you can ask your broker to issue a good 'til canceled (GTC) order. When the security reaches the price you've indicated, the trade will be executed.

This order stays in effect until it is filled, you cancel it, or the brokerage firm's time limit on GTC orders expires.

A GTC, also called an open order, is the opposite of a day order, which is automatically canceled at the end of the trading day if it isn't filled.

In addition, some firms offer good through month (GTM) or good through week (GTW) orders.

References in periodicals archive ?
Credit risks are not material, with the primary concern involving GTC members' procurement of energy to meet their incremental power supply needs above those provided by existing Oglethorpe Power Corporation (OPC) resources (OPC is a related entity, rated 'A' by Fitch, see below).
GTC is a not-for-profit cooperative providing network transmission service to 39 Georgia electric distribution cooperatives.
GTC anticipates using the results from both the completed study of hereditary deficient patients reviewed by the CHMP and GTC's ongoing pivotal phase III study to prepare a Biologics License Application for the United States Food and Drug Administration, which is planned for mid-2007.
Eric Clemons, GTC Wireless' President, commented: "We are pleased that our shareholders have approved and ratified our name change.
Accompanying the name change is the release of a new company logo, GTC Wireless, which is beginning to appear on current products and services.
GTC Telecom President, Eric Clemons, commented, "As we roll out our investor relations outreach program in the coming months, it is important that we provide a concise overview of our company to help current and potential investors get up to speed.
GTC's European development and commercialization partner, LEO Pharma A/S, has affirmed that they remain committed to their collaboration with GTC and will continue to pursue the primary goal of development of an acquired deficiency indication for Europe.
GTC anticipates using the results from this clinical study to prepare a Biologics License Application for the United States Food and Drug Administration.