Good Till Date (GTD) Order
Updated on March 18, 2023
Good till day or date (GTD) order is an open order which remains active till its specified date, unless it has already been fulfilled or cancelled. If not executed, Good till day orders are automatically cancelled at the end of the trading day, as per the date specified on the order. It prevents traders from a lot of hassle of entering orders again and again and also keeping such orders open until a certain date repeatedly.
The GTD orders can be specified as per requirement, which means the order will only be fulfilled if it meets the pre-set parameters (like reaching a certain price point) or it will expire on the specified day. A Good Till Date order is generally active for a maximum of 90 days.
Benefits of GTD orders
Some key benefits of Good Till Date orders are:
1. A GTD order can be kept open until a date or time of choice
2. It gives the trader flexibility to choose price, quantity and duration
3. It Prevents traders from multiple logins or constant monitoring
