Good 'til cancelled order

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Good 'til cancelled order (GTC)

An order to buy or sell stock that is good until the client executes or cancels 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 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.
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Leveraging the power of Appia, InnoTrust's order management capabilities support the placing of market orders, limit orders, stop loss orders, day orders, good 'til cancelled orders, and stop limit orders.