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Basic Question 12 of 13
An order that is automatically cancelled at the end of the day is called a ______.
B. stop order
C. day order
D. market order
E. GTC order
A. limit order
B. stop order
C. day order
D. market order
E. GTC order
User Contributed Comments 7
| User | Comment |
|---|---|
| kalps | Order cancelled at the end of the day is a stop order |
| eavotri | a stop order can be either for the day or GTC |
| phillip | but the question is not asking anything about a stop order. It's a day order. |
| stefdunk | stop and limit orders are either day, (week) or gtc. |
| jpducros | GTC = "good'till canceled" for those who forgot. |
| irapp92 | kalps needs to lose their commenting privileges |
| ascruggs92 | A stop order deals with specified price not time period. A day order is what it sounds like, it is an order that expires at the end of the trading day |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
compare execution, validity, and clearing instructions
compare market orders with limit orders
CFA® 2024 Level I Curriculum, Volume 3, Module 1.