Good Until Canceled ( GTC )

Good Till Canceled orders often known as open orders, and are always considered active orders until filled, canceled, or replaced by another type of order. Good Until Canceled orders are always working on the floor of the exchange unless, as above, it is executed, canceled or replaced by another order. When you place an order with a commodity broker, it is assumed a day order and will expire at the close of that markets trading day. If you wish to have an order working beyond the day you place it, you must specify GTC - Good Until Canceled.

 Fill or Kill                      Commodity Order Types                      Limit Order 

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