Table of Contents
What is difference between GTT and limit order?
A single GTT is a trigger which is valid for only one time, after a limit order is placed. In case a limit order is placed due to the Trigger Price being breached or for any other reason on any particular day, but the limit order is not exactly met on the same day, such GTTs will be required to be placed once again.
What is GTT order?
GTT orders are available in Zerodha Kite Web only. In GTT order you specify 2 prices; a trigger price and the order price. The order is placed to the exchange when the trigger price is reached. The order remains with the exchange for a day and gets executed when the stock price matches the order price.
What is the difference between GTT and Amo?
GTT is a feature which allows you to set a trigger price, such that; if your trigger price is hit in a future date, a limit order will be placed on the exchange as per the limit price and preset conditions set by you. AMO is an advance order that allows traders to place buy/sell orders after regular market hours.
Why is GTT triggered but not executed?
Limit buy orders above the trigger price are more likely to execute and Limit sell orders below the trigger price are more likely to execute. In case a limit order is outside the circuit price , it is rejected and will not execute. GTT is completely free and there are no additional charges for using it.
What is Amo Zerodha?
AMO in Zerodha Kite stands for After Market Orders. It is a facility provided for people who can’t actively track the markets from 9:15 am to 3:30 pm. MCX – Anytime during the day, if placed during the market hours the order will go through the next day at 9 AM.
What is GTD in stock market?
Good-Till-Date (GTD) Order. A GTD order will remain in the system until it is either filled or until the date specified, at which time it is automatically cancelled by the system. This is another kind of open order. A Participating Organization can cancel a GTD order at any time.
What is a Amo order?
After Market Order (AMO) is used for placing orders post the market hours for the next day trading. After Market Order (AMO) is used for placing orders for the next day’s trading. As the order name says, these orders have to be placed post the market hours but before the commencement of trading on the next day.
What happens to AMO orders?
After-market orders are also allowed for commodity trading. After-market orders for commodity can be placed anytime during the day, orders will be sent to the exchange at 9:00 AM (MCX opening). So if you place an after market order at 8:59 it will get sent today and if you place it at 9:01 AM it’ll get sent tomorrow.
What is a GTT buy order?
With a GTT buy order, when the trigger price is hit, a buy order with limit price mentioned is placed on the exchange. In the below example, the current price of Infy is 785.75; we are placing a trigger of 701 which if it is met on the exchange, a CNC order to buy Infy at 700 will be placed on the exchange.
How do I place a GTT order to be guaranteed execution?
To be guaranteed of execution, make sure to place your limit price higher than the trigger price for buy GTT orders (acts like a market order with the protection of your limit set), and sell limit price lower than the sell trigger price for sell GTT orders. The further away from the trigger, more likely to be guaranteed execution.
Can I cancel an order request through the GTT feature?
The action of cancelling such an order request through the GTT Feature shall be at the sole discretion of Zerodha and Zerodha RMS; Order requests being placed through the GTT Feature, once the Trigger Price is breached and such limit price selected is outside the circuit limits of the particular scrip;
What happens when a GTT order is removed from Zerodha?
If the trigger price reaches, Zerodha places the order to exchange and removes the order from the GTT queue at Zerodha. In case the order gets canceled for some reason, you will have to place the GTT order again manually.