Good 'Til Cancel (GTC)

NYSE orders are automatically routed as 'Non-Billable' and are cancelled and replaced every 4 minutes to circumvent the NYSE Specialist fee.

GTC is not available for regular TTOs, short sales, options, and pink sheets at this time.

Change orders must be submitted during regular trading hours.² Change orders placed outside regular trading hours will be rejected.

Orders placed outside of regular trading hours² will be accepted and displayed in the Event column of the Order Book and Open Orders windows as "GTC Held" and "Session Closed." This means that the order has been accepted and will go "live" when the GTC session is open (during regular trading hours²).

CME orders placed during market hours outside of their price banding parameters³ will be rejected. The same orders placed during the CME recess will be held until the price falls within the banding parameters (at which time the order will be sent to the market).

Clients with Plan A (per share) commissions will pay $0.01 per share for the first 500 shares of a GTC executed each day. For example, a GTC order to Buy 1,000 XYZ that is partially filled for 400 shares one day and 600 shares the next day will be charged $9.50 in commissions ($4 for 400 shares and $5.50 for 600 shares).

Short sales: If a stock is initially shortable when your order is placed, but becomes non-shortable or restricted anytime during the 60 days, your order will be cancelled.

GTCs do not take any type of corporate action into consideration (i.e. stock splits, dividend payouts, spin offs, etc.). You must manually cancel and replace your order taking the corporate action into account.

If the required buying power is not available in the account each morning when the GTC order is sent to the market, the order will be cancelled.

CME and NYMEX GTCs start at 5:00a.m. EST to 11:55pm EST. however, the CME halts trading daily between 4:15 and 4:30pm and 5:30 and 6:00pm EST for system maintenance.

CBOT GTCs start at 5:00a.m. EST through 5:00p.m. EST