In investment, a good ’til cancelled (GTC) order is an order to buy or sell a security at a specified price which remains in effect until executed or cancelled by the investor.[1]

In other words, a GTC order will continue indefinitely until the specified parameters are met, whilst a normal day order would cancel automatically after the market closes, requiring the investor to make a new order the next day if desired.

References

  1. ↑ "Investor information - Good-Til-Cancelled Order". U.S. Securities and Exchange Commission. Retrieved April 26, 2017.


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