End Of Day Order

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.

BREAKING DOWN '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. Day Order

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

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

    An order to buy or sell a security that remains in effect until ...
  4. Limit Order

    An order placed with a brokerage to buy or sell a set number ...
  5. Buy Limit Order

    An order to purchase a security at or below a specified price. ...
  6. Order

    An investor's instructions to a broker or brokerage firm to purchase ...
Related Articles
  1. Investing

    How To Start Trading: Order Types

    The types of orders you use can have a large effect on your trading performance, so understanding the different order types is important to your success.
  2. Trading Strategies

    Simulator How-To Guide: Cancelling Orders

    Depending on the order type and the time of day, a player may have the capability to cancel an order from being executed. Please realize that limit and stop orders can always be canceled prior ...
  3. Active Trading Fundamentals

    The Basics Of Trading A Stock

    Taking control of your portfolio means knowing what orders to use when buying or selling stocks.
  4. Trading Strategies

    Introduction To Order Types: Limit Orders

    Note: Use a limit order to guarantee a price. A limit order allows precise order entry. A limit order is appropriate if getting a specific price is more important than getting filled.A limit ...
  5. Trading Strategies

    Introduction To Order Types: Market Orders

    Note: Use a market order to guarantee a fill. A market order is the fastest and most reliable way to get in out of a trade. A market order is appropriate if getting filled is more important than ...
  6. Brokers

    How To Place Trades With Interactive Brokers' WebTrader: Market View And Modify An Order

    Orders can also be placed directly from the Market View window. To open the Market View window, click on the Market tab at the top of the WebTrader screen. To create an order in the Market View: ...
  7. Brokers

    How To Place Trades With Interactive Brokers' WebTrader: Placing An Order

    In WebTrader, orders are placed using the Order Management Panel. To open the Order Management Panel, click the blue arrow or the title [Order Management] in the Order Management Panel title ...
  8. Active Trading Fundamentals

    Which Order To Use? Stop-Loss Or Stop-Limit Orders

    Stop-loss and stop-limit orders can provide different types of protection for investors seeking to lock in profits or limit losses. Investors need to know how each type of order works to know ...
  9. Investing Basics

    Understanding Immediate-or-Cancel Orders

    A trader places an immediate-or-cancel order to immediately execute a trade in full or in part. Any part of the order that remains unfulfilled is canceled.
  10. Trading Systems & Software

    Beginner's Guide To E*Trade Pro: Trading

    E*Trade Pro's order entry system allows traders to create orders for listed (NYSE/Amex) and Nasdaq (NMS, small cap and bulletin board) securities as well as options. Since options are an advanced ...
RELATED FAQS
  1. How can I use a buy limit order to buy a stock?

    Learn how a buy limit order is used by an investor who wants to buy a stock at a certain price, and understand how limit ... Read Answer >>
  2. What's the difference between a market order and a limit order?

    Buy and sell trades with market orders at the present stock price and execute limit orders if the stock price falls within ... Read Answer >>
  3. What is the difference between a buy limit and a sell stop order?

    Understand the differences between the two order types, a buy limit order and a sell stop order, and the purposes each one ... Read Answer >>
  4. How do I set a strike price in foreign exchange trading?

    Learn about the different order types foreign exchange traders can use to manage positions at certain strike prices and how ... Read Answer >>
  5. How do you know if a trade placed to a broker is confirmed?

    Learn how to check if trades placed with brokers online or over the telephone have been filled and confirmed. Explore different ... Read Answer >>
  6. What's the difference between a stop and a limit order?

    Different types of orders allow you to be more specific about how you'd like your broker to fulfill your trades. When you ... Read Answer >>
Hot Definitions
  1. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  2. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  3. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  4. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  5. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  6. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
Trading Center