Comment on Introducing GTT – Good Till Triggered orders

Sumit commented on 05 Aug 2019, 12:18 PM

Hey. I’ve a doubt in this statement “When a GTT is triggered, and order is placed on the exchange, it is executed only if the limit price order placed is filled on the exchange.”

So let’s say I bought 1 share at 100 Rs and now I put a stop loss GTT like below:
Trigger price: 99
Quantity: 1

Does it mean that the order will get executed at any price between 99 and 95 once it reaches below 99?
Or does it mean that the trigger will happen at 99 but the order will be placed with price as 95? And if didn’t reach there (95), the order will not be executed?

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