GTC Orders financial definition of GTC Orders
Good 'til cancelled order (redirected from GTC Orders)
Good 'til cancelled order (GTC)
or sell stock
that is good until the client executes
it. Brokerages usually set a limit of 30-60 days, at which the G.T.C. order expires if not restated. (Different from a day order.)
Good 'Til Cancelled Order
An order to a broker
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.
References in periodicals archive
Many brokerages cancel GTC orders
after a month or two, though.
Order Management - The platform will support reserve quantities on stop and good-till-canceled (GTC) orders as well as GTC orders
on inter-product spreads, expanding order types and providing traders with greater flexibility.
For example, ETF Liquid provides liquidity in an agency capacity in off-market hours to fill "away" limit orders that may be left as GTC orders
, and filled during closed US hours when the underlying ETF basket can be priced efficiently to reflect market conditions, and may move into line.