Comment on Introducing GTT – Good Till Triggered orders

Aravind Pai commented on 01 Nov 2019, 09:52 AM

“We have developed an innovative alternative to GTC that offers all of its features and more.”

This is not correct as per your own explanation. For example, let’s say you place a Buy request at ₹500, with trigger price of ₹450 in GTT. The trigger price is hit, so Zerodha places the order, but the Buy price is not hit till the end of trading session. The exchange cancels the order and the GTT has to be placed again. Whereas under GTC, the order would be re-placed the next day automatically.

This is not to criticize the GTT feature, I think it is still a really useful feature, especially coming from a Discount Broker. However, that specific statement is inaccurate and potentially misleading to an inexperienced user.

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