Jump to content

Good 'til cancelled

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Steel1943 (talk | contribs) at 22:05, 3 June 2016 (Tag). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

In investment, a good ’til cancelled (GTC) order is an order to buy or sell a security which remains in effect until executed or canceled.

In other words, a GTC order will continue indefinitely until the specified parameters are met, whilst a normal day order would cancel automatically after the market closes, requiring the investor to make a new order the next day if desired.