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Likewise Zerodha GTT (Good Till Triggered) order, Espresso Sharekhan offers GTD, Good Till Date order placement facility to customers. As the name implies, GTD order is a special type of order that allows customers to place a longer-term order with a maximum validity of 1 month period. Espresso Sharekhan clients can place GTD order for Free using the Espresso Sharekhan app or website and specify the date within a period of 30 days. As the order will remain active till the specified date, saves users time by eliminating the requirement to place an order every day. The MYGTD feature in Sharekhan Espresso is available for the Equity Cash segment only. Scroll down the page to get the complete details about Espresso Sharekhan GTD Order including features, charges, validity, and how to place GTD order using Espresso app or website.
GTD or MYGTD order in Espresso Sharekhan stands for “Good Till Date”, it is a facility offered by the discount broker to place Buy or Sell Limit orders in your choice of scrip by specifying the time period or date till then you want the order to remain valid. Users can select a date within the maximum validity period of 1 month or 30 days.
For instance, if you have place a GTD order on 2 January 22 for the validity date mentioned as 20 Jan 2022 then the entire GTD order will remain active or valid till 20 Jan 2022 until it is fully executed. If GTD order falls on the non-trading day, then it will expire on the previous trading session.
Espresso by Sharekhan provides GTD order feature for free at zero charges. It means customers are allowed to place a buy or sell GTD order in the equity cash segment for free.
Check Espresso GTD demo to know the step by step process on how to place a GTD buy or sell order in the Espresso app or website.
Placing a GTD order online in Espresso Sharekhan is a few-click process, and once placed, you don’t have to place it again till the GTD order validity date.
All Buy or Sell GTD orders can be extended to the maximum validity of 1 month. The GTD order is placed every trading date and at the end of the day, it gets expired and the next day, a new fresh order is placed on the exchange. The process continues till the expiry date, and If the prices are matched during the specified period then your order will gets executed or if the prices are unmatched, then the GTD order will gets cancelled or expired permanently. You have to place it again for the next 1 month or even lower duration.
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Yes, GTD order in Espresso is absolutely free feature that is available at NIL charges. Any of Espresso customers can login to the mobile app or its trading website and place buy or sell GTD orders for their favorite scrip in the equity cash segment.
If you have placed a bracket order with the MyGTD order validity option then once the parent order gets fully executed, you can square off the order.
The MYGTD order feature in Espresso is an instruction given to the broker to place a Buy or sell limit order as per the client’s specification till the validity date, can be extended upto maximum 30 days. Thus, the order authorizes Espresso to place the GTD order daily till the order for full quantity is executed until the expiry date. The GTD feature allows customer to specify the number of days till what they want the order to get executed at the target price. If at the end of a trading day, your GTD order partially remains unexecuted nut not cancelled or rejected then at the end of the day, Espresso team will place overnight orders on customer’s behalf at the same limit price for the unexecuted quantity during the aftermarket hours.
No, Espresso only offers the GTD order facility in the Equity cash segment and you cannot place such order for other segments.
Espresso GTD orders will remain valid or active till the expiry date mentioned by client, however, the maximum validity cannot go beyond the period of 1 month or 30 days. If the maturity date falls on non-working day, then previous trading day will be the date of expiry. If the GTD order doesn’t get executed till the validity date then it will automatically gets cancelled or expired.
Espresso app and web platform has the MyGTD order validity feature for customers to place an order for longer duration. Follow the below steps to place MYGTD order in Espresso app;