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What are the various Time conditions which can be attached to an order placed in Order Matching Mode?

April 26, 2017attached Conditions matching mode Placed time various

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What are the various Time conditions which can be attached to an order placed in Order Matching Mode?

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A dealer can attach following time conditions to an order placed in order matching mode:- • Day Order: Day orders should be executed on the specific day, otherwise they are automatically cancelled. • IOC Order: An order with IOC time condition will try to find a match as soon as it is entered or will get cancelled immediately. IOC stands for ‘Immediate or Cancel’. • GTC Order: An order with GTC time condition will remain in the system till it is cancelled by the dealer. GTC stands for ‘Good Till Cancel’.