What is a Contingent (‘if done’) order?
A Contingent or ‘If Done’ order is an order that is not activated until another separate order is executed. The contingent order facility enables you to attach orders to an already existing order so that you do not have to watch the markets at every moment of the day. On the E*TRADE Spread Betting system, you can create two types of Contingent orders as follows: – Attach a Limit Order to a New Order – Attach a Stop-Loss order to a New Order Contingent / ‘If Done’ orders may be Good Till Cancelled (GTC), Good Till End of Day, (GFD, which is good till the last time that E*TRADE Spread Betting quotes that market on that business day or the time that that market closes, whichever is earlier) or Good Till UK Time (which is good till a date and time specified by you).
