GTC

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A good-'til-cancelled (GTC) order is a type of order that remains in effect until it is either executed (filled) or cancelled, as opposed to a day order, which expires if not executed by the end of the trading day.[1] A GTC option order is an order which if not executed will be automatically cancelled at the option's expiration.

Common GTC order types are limit orders and stop orders.

Futures

Some futures markets trade side-by-side, meaning the exchange offers open auction trading and electronic trading at the same time. GTC orders are normally place in one trading venue.

References

  1. good-till-cancelled order. Businessdictionary.com.