Open order

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Related to Open order: Day order

Open order (good-till-cancelled, GTC order)

Order to buy or sell a security that stays active until it is completed or the investor cancels it.

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.

open order

Open order.

An order that remains on the books until it is either executed or canceled is known as an open order, or a good til canceled order (GTC).

References in periodicals archive ?
The Junior Open Order of Merit has been launched by a number of clubs in the Huddersfield and Halifax district and is designed to attract new junior golfers.
ATP Malaysian Open order of play - Centre Court (from 6am): Two qualifying matches; 10am: D Goffin v M Ebden, A Bogomolov Jr v M Baghdatis, D Tursunov v P Capdeville.
If the parcel is not found, the order is sent to an open order clerk in Stewart's production center for manual processing.
Shipments received as a result of an open order, where an order form has not been released, will not be accepted and no cost shall be incurred by the College as a result.
HURRICANE IRENE led to a revamping of the US Open order of play on day one yesterday, but the hot favourites for the final Grand Slam of the season are expected to take to the New York courts today, writes Adrian Humphries.
This is called an open order, or buying "at the market.
Workway's recent expansion places administrative assistants, HR specialists, inventory experts, accountants, open order and filing clerks and collections professionals within Southern California's auto finance industry.
Looking ahead to 1994, Fisher indicated that open orders for first quarter delivery currently exceed the open order level at the same time last year, but that the Company continues to face extreme margin pressure.
Additionally, the company recently received an open order from a top US spa manufacturer for custom OEM spa starter chemical kits to be included with new spas.
1992, were costs of servicing the high open order levels experienced by the company's direct operations during the latter part of the quarter.
Graham Jefferies, Chief Operating Officer of EMRISE Corporation said, "The Typhoon aircraft currently represents our largest open order at $8 million.
Investors can instantly see which orders have executed, which are still open and then quickly change or cancel any open order.