Is there any “no-delivery period” concept in futures?
There is no “no-delivery period” concept in futures. Even if stock is in no-delivery period, trading in futures will be as usual. There will not be any no-delivery period as it is in equity market. . What are “Good Till Day”, “Good Till Date” and “Immediate or Cancel” orders? Good Till Day (day order) orders are orders remains valid only for one trading session. Any unexecuted order pending at the end of the trading session is expired. Good Till Date (GTD) order allows the user to specify the date till which the order should stay in the system if not executed. The maximum number of days for which the GTD order can remain in the system is notified by the Exchange from time to time after which the order is automatically cancelled by the Exchange system. The days counted are inclusive of the day/date on which the order is placed and are inclusive of holidays. The order expiry on the last valid date of the order may take some time on account of day-end reconciliation processes. Since there
