SIE practice questioneasyGTC Orders
A Good-Til-Canceled (GTC) order differs from a day order in that a GTC order:
- ACan only be placed for round lots
- BMust be executed within one hour of placement
- CRemains open until executed or canceled by the investor✓ Correct answer
- DGuarantees execution at the specified price
Explanation
Why C — Remains open until executed or canceled by the investor
A GTC order remains in effect until it is either executed or canceled by the investor, though broker-dealers may set maximum time limits such as 90 days. A day order expires at the end of the trading day if not executed. GTC status does not limit an order to round lots, does not create a one-hour deadline, and does not guarantee execution.
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