Thread by @DrBukkabwoi

Types of TIF (Time In Force) Order types in Stock market!!

GTC
DAY
GTD
IOC
OPG
FOK

Most of the people don't know these, i didn't know few either.. some brokers also don't know lol 😅.. therefore thought of sharing what i gathered.. Cheers!!

#CSEdaily #TIF

Day Order - Unless an investor specifies a time frame for the expiration of an order, orders to buy and sell a stock are “Day” orders, meaning they are good only during that trading day.

GTD - stands for “good till date/day/time”; this means that this order is valid till a specified date or time unless it has been already fulfilled or cancelled.

IOC - An Immediate-Or-Cancel (IOC) order is an order to buy or sell a stock that must be executed immediately. Any portion of an IOC order that cannot be filled immediately will be cancelled. Learn More.

GTC - A Good-Til-Cancelled (GTC) order is an order to buy or sell a stock that lasts until the order is completed or canceled. Brokerage firms typically limit the length of time an investor can leave a GTC order open.

FOK - Fill or kill is a conditional type of TIF order used in securities trading that instructs a brokerage to execute a transaction immediately and completely or not at all. This type of order is most often used by active traders and is usually for a large quantity of stock.

OPG - orders are qualified as At-the-Open. An OPG qualifier requests that your order will be executed as close to the opening price as possible. OPG orders cannot be edited or cancelled. Any unfilled orders after opening of the market will be cancelled.