TIF - Time in Force
TIF or Time In Force is a property that indicates the life time of the order.
TIF | Description | INET | Genium INET |
|---|---|---|---|
| Immediate or Cancel (IOC) | The order is matched immediately into trade(s) in full or in part upon entry, the rest of the order will then be cancelled. If minimum acceptable quantity is specified at a level equal to the total order quantity within an IOC order, the Order is effectively handled as a Fill-or-Kill (FOK) Order. | ✔ | ✔ |
| Good till Market Close (Day) | The order will last until the market closes for the day. | ✔ | ✔ |
| Good till Cancelled (GTC) | The order will last until it is cancelled, which means that unless it is cancelled during the day, it will remain in the market for the next trading day. | ✔ | ✔ |
| Good till Time (GTT) | The order will last until the time specified in the Time(Sys) field. The Time(Sys) field appears when you select GTT. | ||
| Fill or Kill (FOK) | The order should be filled completely and immediately, otherwise it is cancelled. | ✔ | ✔ |
| Good till Date (GTD) | The order will last until the date specified, it will be cancelled before the market opens the next trading day. | ✔ |