An order to trade at a specific price. It remains open until trader cancels. Hence “Good ’til cancelled.” Also known as GTC.
Good ’til cancelled order
Related Terms
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Good Till Cancelled (GTC) is a trading order type that remains active in the market until the trader decides to cancel it.
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An order is an instruction to buy or sell on a trading venue.
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A One Cancels Other Order (OC) is a set of two orders (usually a limit order and a stop order) placed simultaneously for the same asset.
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A working order is a general term for either a stop order or a limit order to open. Stop and limit orders are together known as working, or pending orders. Essentially, they’re instructions for a...
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An order block is an area where there has been a large concentration of limit orders waiting to be executed.