Order Types
Good-Till-Cancelled Order
Definition
What is Good-Till-Cancelled Order?
An order that remains active until executed or cancelled, subject to broker or exchange limits.
Example in practice
How This Looks in Practice
The investor leaves a limit order open for several weeks.
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Related Terms
Order Types
Market Order
An instruction to buy or sell immediately at the best available prices.
Order TypesLimit Order
An instruction to trade only at a specified price or better.
Order TypesStop Order
An order that becomes active after a specified trigger price is reached.
Market DataOpen Price
The first official or regular-session traded price for a period.