End Of Day Order

AAA

DEFINITION of 'End Of Day Order'

A buy or sell order that specifies a price for the security, and keeps the transaction open until the end of the trading day. If a transaction is not made as the desired price is not met by the close of trading, the end of day order will be canceled.

INVESTOPEDIA EXPLAINS 'End Of Day Order'

Investors who want to keep an order open until it is met can utilize a good 'til canceled (GTC) order. Unlike an end of day order, a GTC order won't close until it is filled. This requires the investor to pay more attention, since price or exchange rate volatility may make leaving the order open a greater risk.

RELATED TERMS
  1. Limit Order

    An order placed with a brokerage to buy or sell a set number ...
  2. Time-Of-Day Order

    An order to buy or sell an asset that is placed at a specific ...
  3. Day Order

    An order to buy or sell a security that automatically expires ...
  4. Good 'Til Canceled - GTC

    An order to buy or sell a security at a set price that is active ...
  5. Market Order

    An order that an investor makes through a broker or brokerage ...
  6. Conditional Order

    A type of order that will be submitted or canceled if set criteria ...
Related Articles
  1. Understanding Order Execution
    Investing Basics

    Understanding Order Execution

  2. A Look At Exit Strategies
    Active Trading Fundamentals

    A Look At Exit Strategies

  3. How To Place Orders With A Forex Broker
    Forex Education

    How To Place Orders With A Forex Broker

  4. The Basics Of Trading A Stock
    Active Trading Fundamentals

    The Basics Of Trading A Stock

comments powered by Disqus
Hot Definitions
  1. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  2. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  3. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  4. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  5. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
  6. Limit-On-Open Order - LOO

    A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of ...
Trading Center