Open order

Also found in: Dictionary, Thesaurus.
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 ?
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.
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.
Novo said that the system would quicken the ordering process and reduce overlaps and errors by submitting orders directly to the hospital pharmacy materials management system, for a doctor's approval or as an open order for drug replenishment.
This is called an open order, or buying "at the market." Word of a successful trade is sent back to the broker who placed the order, who in turn tells you that your request has been completed.
Auto Business News-2 August 2010-Nissan International to open order books for Leaf(C)2010 ENPublishing -
The post Australian Open order of play on Wednesday appeared first on Cyprus Mail .
The post Australian Open order of play on Tuesday appeared first on Cyprus Mail .
The post Australian Open order of play on Sunday appeared first on Cyprus Mail .