A GTT order stands for Good Till Triggered order. It's a type of order used in trading, particularly in stock markets, where the order remains active until a specific price condition is met (triggered).

This facility is exclusively provided by Tradebulls Securities and not by the exchange.

GTT orders are allowed only in the Equity cash segment (NSE & BSE) for Delivery trades.

How it works?

Types of GTT orders

Single Order: You set a trigger price (buy or sell) for a stock, and once the market price reaches or crosses this trigger price, the order will be activated and sent to the exchange for execution.

Two Leg Order: It is a feature where you place two linked orders, but only one of the orders is allowed to execute. It means setting both a Stop Loss(trigger) and a target price. Once either the trigger price or the limit price is reached, the other price will be automatically canceled. Only one of the two orders will get executed. (Only Sell Orders allowed)

Validity of the order: The order once placed is valid for a year, and will be automatically canceled if not triggered in the market.
A client can have up to 50 GTT orders pending at a time.

Brokerage for GTT orders: No additional charges apply for GTT orders. Standard brokerage rates apply upon execution.

5% Price Bracket for GTT orders: This refers to a price range restriction that can be applied to limit orders placed with GTT, ensuring that the trigger price is within 5% of the last traded price (LTP) of the security at the time the order is placed. A subsequent modification can be done with a price difference of 2 %.

GTT orders may not always be executed even if the trigger conditions are met.

Following are a few conditions:

• If the trigger price is met or breached, but the order sent to the Exchange does not meet the Order price (limit price) during the day’s trading session, the GTT order is canceled and removed from the GTT Order queue.
• All GTT orders that do not meet the trigger price in 365 days shall be canceled.
• Tradebulls does not manage corporate actions (e.g., dividend, bonus, split) for GTT orders.
• Clients are responsible for reviewing and modifying/canceling GTT orders to account for corporate actions.
• No funds/margin is blocked while placing a GTT order; however, sufficient funds/margin must be available when the trigger price is hit, otherwise the order may fail.

All GTT Orders triggered but not executed for any reason, or are canceled otherwise, shall have to be placed again, if desired to be executed.