What is Loc order type?
A limit-on-close (LOC) order is a limit order that is designated for execution at the market close. Limit orders control the price that is paid for a security, or what price a security is sold at. This type of order is good only for the market close and does not last for the whole trading day or extend into the next.
What does LOC and MOC mean?
An MOC order is an unpriced order to buy or sell a security at the closing price and is guaranteed to receive an execution in the NYSE closing auction. An LOC order sets the maximum price an investor is willing to pay, or the minimum price for which an investor is willing to sell, in the closing auction.
Why is questrade rejecting my order?
A rejection reason accompanies this status An order has been a pending replace request and the original order has been triggered before the replace request was approved. A replace request order has been pending Trade Desk review and the original order has been triggered before the replace request was approved.
What is GTC and GTD order?
GTD is a Good Till Date order that allows an investor to place a Buy/sell order till a specific date within a one-year time frame. GTC is a Good Till Cancelled order that allows an investor to place a Buy/Sell order that stays active until the price is reached and the order gets executed or until it expires.
What does order type mean when buying stocks?
The most common types of orders are market orders, limit orders, and stop-loss orders. A market order is an order to buy or sell a security immediately. This type of order guarantees that the order will be executed, but does not guarantee the execution price.
What does GTD mean on questrade?
GTC (Good ’til cancelled): The order will remain active (max. 90 days) until either filled or manually cancelled. If it is not filled, the order is cancelled. GTD (Good ’til date): The order will remain active until the specified date. If the order is not filled by the given date, the order is cancelled.
What are MOC orders?
A market-on-close order is simply a market order that is scheduled to trade at the close, at the most recent trading price. MOC orders can help investors to get into or out of the market at the closing price without having to place a market order immediately when the market closes.
What is IOC in demat account?
An immediate or cancel order (IOC) is an order to buy or sell a security that attempts to execute all or part immediately and then cancels any unfilled portion of the order. Most online trading platforms allow IOC orders to be placed manually or programmed into automated trading strategies.
What happens if you cancel a partially filled order?
You cannot change or cancel any portion of the order that has been filled. Keep in mind that there may be delays in fills reported by an exchange. If you cancel or change an order for which a fill is later reported by an exchange, the fill will take precedence.
What does executed mean on questrade?
The process of filling your order is referred to as “trade execution.” An order is considered executed when it gets filled—meaning you received or sold the shares—and not when the order is placed by the investor as not every order you place will necessarily get executed.
What is GTD order validity?
GTD is a type of trade order; the term 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.
Can GTD order be Cancelled?
A Good Till Cancelled (GTC) order is an order that remains in the system until it is canceled by the Trading Member. It will, therefore, be able to span trading days if it does not get matched. The maximum number of days a GTC order can remain in the system is notified by the Exchange from time to time.