Please explain me...

akram199 · 1 Please explain me... Wed Nov 30, 2011 2:30 pm

akram199

Equity Analytic

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Join date : 2011-06-09

can any one please explain me about DAY,GTC,IOC,FOK and GTD.wht are the meaning of these when you doing online trade?

thanks

Last edited by rijayasooriya on Wed Nov 30, 2011 8:26 pm; edited 1 time in total (Reason for editing : capital letters corrected.)

notme · 2 Re: Please explain me... Wed Nov 30, 2011 3:12 pm

notme

Senior Manager - Equity Analytics

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These are the order types wich you can select when make a order.

DAY ORDER-if you apply this ,the order will be automatically cancelled at 2.30 pm in the same day.(if not filled)
GTC ORDER-in this option ,you can apply number of days( maxmum 5 days)to alive your order .after 5 days the order will be automatically cancelled,if still not filled.
IOC ORDER-in this option ,the order should be filled as soon as when you put the order .if not ,it wil be cancelled immidiatly.
FOK ORDER-whole order should be filled at once, if not it will be cancelled.,
GTD ORDER-in this option you are allowed to put number of days,(max 5) also you can cancel the order any time.