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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

open order

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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).

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
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.
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