• Is the instruction to terminate an order either in its entirety or remainder.
| ||Embedded terms in definition|
| ||Referenced Terms|
| ||Cxl: Refers to Cancel or Cancellation.|
| ||Good 'til canceled: Abbreviated GTC. This is an order to buy or sell a security that is good until the investor Cancels it. Most brokerage firms let GTC orders automatically expire after 30 - 60 days.Sometimes simply called GTC , it means an order to buy or sell stock that is good until you Cancel it. Brokerages usually set a limit of 30-60 days, at which the GTC expires if not restated.|
| ||Ioc: See Immediate or Cancel.|
| ||Kill: Cancel a trade or order that has been placed but not filled.|
| ||Order: Is a set of instructions with the intent of executing a transaction. The following is a list of order types. See: All or None (AON) or All or Nothing, Buy on Close, Buy on Opening, Contingent, Discretionary, Non-Discretionary, Do Not Reduce (DNR) , Exchange for Physicals (EFP) , Fill or Kill (FOK) , Good Till Canceled (GTC) , Immediate or Cancel (IOC) , Limit (LMT) , Market, Market if Touched (MIT), Market on Close (MOC) , Market on Opening, Not Held, One Cancels the Other (OCO), Open Order, Sell on Close, Sell on Opening, Stop (STP), Stop Limit (STP LMT), and various combinations as with spreads, options, and other instruments.|
| ||Related Terms|
| ||Immediate or cancel|
Too late to cancel
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Remember not only to say the right thing in the right place, but far more difficult still, to leave unsaid the wrong thing at the tempting moment. - Benjamin Franklin