Why are GTC and GTD orders not available for equity, F&O? Is it restricted by the exchanges or the brokers?

General
2

I think the Equity exchanges do not allow placing GTC/GTD orders. Currently all pending orders get canceled at the end of the day.

However some brokers do provide the facility of placing GTC/GTD orders for the Equity segment through a workaround. How they do it is, they collect all unexecuted orders post market closing, save them on their servers and resend the orders the next trading day.

4 Likes
3

It is simply because there is no system/ mechanism in place, for the Indian exchanges to handle GTC orders.