A feature in trading orders that allows market participants to place buy or sell orders at market or limit price, where execution takes place (gets triggered) once the market price of the security reaches the set price, i.e., the price set the good till triggered order (GTT order).
This order features simply allows an investor to select a trigger price and a set of conditions for execution. An order will not placed until the set or desired price is reached during a trading session. Otherwise, an order remains in the order book or gets cancelled depending on a trader’s instructions.
It is also referred to as a good till triggered.
