GTC Meaning and
Definition
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GTC is an acronym that stands for "Good 'Til Cancelled." It is a term commonly used in financial markets, particularly in the context of trading and investing in stocks, bonds, commodities, and other securities. GTC refers to an order type that instructs a broker or trading platform to keep an order active until it is either executed, canceled, or a specific expiration date is reached.
When an investor or trader places a GTC order, they are essentially requesting the broker to continue trying to execute their order until it is fulfilled or canceled by the investor. This means that GTC orders will remain in the market even after the trading session ends, allowing for potential execution during the next trading day or at any point in the future until the order expires or is canceled.
GTC orders are commonly used by investors who want to set desired price levels for buying or selling securities and do not want to actively monitor the market every second. By using GTC orders, investors can set their desired entry or exit points and let the order sit in the market until the specified conditions are met.
Overall, a GTC order provides flexibility and convenience for traders who want to automate their trading strategies and take advantage of potential price movements even when they are not actively participating in the market.
Common Misspellings for GTC
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