Good-Til-Canceled (GTC) Orders

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An order that uses the Good-til-Canceled (GTC) time in force will continue to work until the order fills or is canceled.*

NOTE: Orders submitted to IB that remain in force for more than one day will not be reduced for dividends. To allow adjustment to your order price on ex-dividend date, consider using a Good-Til-Date/Time (GTD) or Good-after-Time/Date (GAT) order type, or a combination of the two.

*GTC orders will be canceled automatically under the following conditions:

  • If a corporate action on a security results in an exchange or distribution of shares.
  • At the end of business on the last day of the following calendar quarter. If the last day of the quarter is a non-trading day, the cancellation will occur after close of business on the final trading day of the quarter preceding the last day of the quarter. For example, if the last day of the quarter is Sunday, the orders will be cancelled on the preceding Friday.
Products Availability Routing TWS
Bonds US Products Smart Attribute
EFPs Non-US Products Directed Order Type
Forex         Time in Force
Futures            
FOPs            
Options            
Stocks            
Warrants            
               


Example

Good-Til-Canceled Order example


Unlike the standard DAY order which cancels when the market closes, the GTC time in force keeps the order working until it executes or you cancel it. Create the order and select GTC from the Time in Force field on the order line.



Any stock or option symbols displayed are for illustrative purposes only and are not intended to portray a recommendation.