End Of Day Order

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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. Day Order

    An order to buy or sell a security that automatically expires ...
  3. Market Order

    An order that an investor makes through a broker or brokerage ...
  4. Good 'Til Canceled - GTC

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

    A type of order that will be submitted or canceled if set criteria ...
  6. Good This Week - GTW

    A market order that is only valid in the week of its placement. ...
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