Definition
Good Till Triggered (GTT) Order
A Good Till Triggered order is a broker-side instruction that holds a trade until a specified trigger price is reached, at which point an actual exchange order is placed, valid for an extended period such as a year.
Because Indian exchanges lack native multi-day order validity, brokers built GTT to let investors set long-standing buy or sell conditions, including single-trigger and one-cancels-other (OCO) variants for target and stop-loss together. The order rests on the broker's server, not the exchange, until the trigger fires.
This distinction matters: until triggered, there is no resting order at the exchange, so in a gap or fast move the eventual order may execute well away from the trigger. GTT is convenient for investors who cannot watch the market continuously but is not a guaranteed-price mechanism.
Related terms
- After-Market Order (AMO)An after-market order is an order placed outside regular trading hours that is queued by the broker and submitted to the exchange when the market next opens.
- Day OrderA day order is valid only for the trading session in which it is placed; if it is not executed by the close, it is automatically cancelled and does not carry over to the next day.
- Good Till Cancelled (GTC) OrderA Good Till Cancelled order remains active across multiple trading sessions until it is either executed or explicitly cancelled by the trader, rather than expiring at the end of the day.
- Stop-Loss OrderA stop-loss order becomes active and is sent to the market only when the price reaches a specified trigger level, used to limit losses or protect profits on an existing position.
Plain-English explainer from The Dispatch Investors Encyclopedia. General information, not financial advice.