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What is Time-in-Force for an order?

The two Time-In-Force designations are as follows:


1) Day: A day order will automatically expire at market close (4 PM EST) if not filled intraday.


2) GTC: A good 'til cancelled order will be resubmitted to the market at the beginning of the trading day if not already filled. A GTC order is valid for 90 days (including weekends and holidays) after it is created.



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