GTT-GTC Order Policy
Handling of Good Till Cancelled (GTC) & Good Till Triggered (GTT) Orders
- Introduction
The Good Till Triggered (GTT) feature allows clients to set a trigger price, ensuring that if the trigger price is hit at a future date, an order is placed on the exchange as per the predefined limit/market price and conditions set by the client.
- Parameters for Placing a GTT Order
- Order Validity:
- Equity (including MTF): GTT orders remain valid for 365 days.
- F&O Orders: GTT orders remain valid until contract expiration.
- Trigger Validity:
- The trigger is valid only once—once triggered, the order is placed on the exchange.
- Corporate Action Handling
- Wealth First does not handle corporate actions related to GTT orders. Clients must monitor their orders and take necessary action to modify/cancel them if a corporate action impacts the stock/underlying asset.
- Clients with unexecuted GTT orders will be notified at least one day before the ex-date of corporate actions (e.g., dividend, bonus, split, etc.).
- Order Execution
- Execution Price:
- Orders can be placed at market or limit prices.
- For market orders in derivatives, the order is placed as a limit order with market protection to prevent execution at extreme prices.
- Using GTT with a limit price does not guarantee execution if the Last Traded Price (LTP) moves beyond the set limit.
- Order Cap:
- A maximum of 200 open GTT orders (across all exchanges and segments) can be placed at any given time.
- Charges:
- No additional charges for placing GTT orders.
- Standard brokerage rates apply to executed orders
- Read Policy here