3 min Read Jan 27, 2023
A Good Till Cancelled (GTC) order is a standing order to buy or sell a security at a specified price that remains active in the market until it is either fully executed or manually cancelled by the investor — unlike a day order, which expires at the end of the trading session if unfilled. GTC orders are useful for investors who have identified a specific entry or exit price and are willing to wait days or weeks for the market to reach it, without needing to re-enter the order daily. In India, exchanges and brokers define maximum validity periods for GTC orders — typically up to 365 days — after which the order automatically expires if not executed or cancelled.
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