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Sb_gtc, Sb_day, Sb_ioc ???

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  • Sb_gtc, Sb_day, Sb_ioc ???

    SB_GTC, SB_DAY, SB_IOC.
    What do they mean ???
    Please some example, thank you.
    Massimo

  • #2
    Hello Massimo,

    These are expiration codes for working orders.

    SB_GTC is Good Til Cancelled. An order to buy or sell a security at a set price that is active until the investor decides to cancel it or the trade is executed. If an order does not have a good-'til-canceled instruction then the order will expire at the end of the trading day the order was placed

    SB_DAY Any order to buy or sell a security that automatically expires if not executed on the DAY the order is placed.

    SB_IOC is Immediate Or Cancel. An order requiring that all or part of the order be executed immediately after it has been brought to the market. Any portions not executed immediately are automatically cancelled

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    • #3
      Hello Massimo,

      These are expiration codes for working orders.

      SB_GTC is Good Til Cancelled. An order to buy or sell a security at a set price that is active until the investor decides to cancel it or the trade is executed. If an order does not have a good-'til-canceled instruction then the order will expire at the end of the trading day the order was placed

      SB_DAY Any order to buy or sell a security that automatically expires if not executed on the DAY the order is placed.

      SB_IOC is Immediate Or Cancel. An order requiring that all or part of the order be executed immediately after it has been brought to the market. Any portions not executed immediately are automatically cancelled.

      AveryH
      eSignal Support

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      • #4
        AveryH,
        thank you for your answer.
        Massimo

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