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.
References in periodicals archive ?
Good Till Cancelled, Good for the Day, Limit Sell and Limit Buy, that you can place if you think the market will move one way or another.
Manoj further added that: "The trading platform we provide incorporates some of the most advanced tools available to the CFD trader today, including advanced charts and strategic order types - trailing stops, Good for Day (GFD) and Good till Cancelled (GTC).
With extended trading hours, Good Till Cancelled (GTX) orders now cancel at 8 p.