Trading

How does the MYGTD order feature work?
The MYGTD order, when placed with a validity date, is an instruction given to us that if the order quantity is not fully executed, we are authorised to place fresh orders for the unexecuted quantity in the customer s account on the subsequent trading days till the entire quantity is executed. The feature allows you to specify the number of days for which you wish to place the orders. This MYGTD order will remain valid but will expire at the end of every trade date if the order remains unexecuted and if not cancelled or rejected. After market hours, at the end of the day, we place overnight orders on the customer s behalf at the same limit price and for the unexecuted quantity for the next trade date, provided the order validity date is less than or equal to the next trade date. For example, on trade date 03-02-2020, an order is placed with MYGTD order validity to buy 100 shares of ABC Limited at a limit price of Rs 1500 with order validity date 20-02-2020. Hence, your MYGTD order will be valid till 20-02-2020 if not fully executed. If the MYGTD order validity date falls on a non-trading day, the order will expire on the previous trading day.
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