GTT, or Good 'Till Triggered, is a unique order type in the stock market that offers traders flexibility and control over their investment strategies. Unlike traditional market or limit orders, What is GTT order in stock market ? a GTT order allows investors to set specific conditions under which their trade will be triggered.
The functioning of a GTT order involves two key components: the trigger condition and the limit order. The trigger condition is the set of criteria that, when met, will activate the GTT order. What is GTT order in stock market ? This condition could be a specific stock price, a percentage change, or any other parameter chosen by the investor. Once the trigger condition is satisfied, the GTT order converts into a limit order, executing the trade at the specified price or within a predefined price range.