Examples of Good Till Cancelled in a sentence
All pending orders that trade 24 hours a day have the status of GTC (Good Till Cancelled) which means that these orders are considered to be active until executed or removed by a Customer.
Stop Loss orders are GTC (Good Till Cancelled) where as Stops or Limits can be left GTC or GT (Good Till) which means you can choose when it expires.
All Pending Orders for instruments that can be traded round-the-clock have a Good Till Cancelled (GTC) status and are accepted for an unlimited period of time.
For the instruments traded 24 hours, all the pending orders have the status of GTC - "Good Till Cancelled" and are received for an indefinite period of time.
Good Till Cancelled (GTC): Valid indefinitely unless or until specifically cancelled by the client.