The order is canceled if not executed before the close of business on the same business day you placed it.

All equity trade orders are Market Day orders, unless you add order instructions to create a conditional order.

A conditional order that remains in effect during the custodian’s GTC expiration period, until the order is specifically canceled or fully filled.

A conditional order that is set to execute as close as possible to the market’s opening price, with any unfilled portion canceled.

A conditional order that instructs the broker to execute as much of the order as possible immediately and cancel any remaining portion that cannot fill immediately.

IOC limit orders help to protect investors during a fast-moving market. IOC market orders help to ensure a complete or partial execution in a strong market with high demand.

A conditional order that instructs the broker to execute the order immediately and completely. If that can’t be done, the broker should cancel the entire order.

FOK orders prevent partial fills which can lead to executing orders at different prices during prolonged execution of a large order.

A conditional order that instructs the broker to keep a trade order active until it’s filled or canceled, unless the market enters a crossing phase, meaning trading is paused and the price of securities may be determined by an auction or other process.

GTX orders automatically cancel during a market crossing phase to avoid filling at potentially unfavorable prices.

A conditional order that expires at the end of the trading day you specify, unless it fills before that time.

A GTD order allows you more control over how long an order should remain active.