Why doesnt zerodha introduce good till cancel order?

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@httripathi

They are specialy helpful for those who do not do homework everyday and passive investors now one brokage in offering it in india???

GtDt Order on Kite

Hello @Jambi To keep an order opened for more than a day, you require a GTC(Good till cancelled) or GTD(Good till date) order. Currently, order validity will all the Indian exchanges is only a day and all pending orders are cleared out by the end of the day. This happens because the exchanges clear their order cache memory at the end of the day, where all the pending orders are stored. What certain brokers do is they mimic a GTC order by collecting all GTC pending orders after market closes an…