| Day Order |
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Day Order is a buy or sell order given by the investor that will automatically expire if it is not executed during the trading session.
Day orders are placed based on the opening trends and a predicted closing trend for the day. The non execution of the day order might be because the conditions that were prescribed by the investor for the trade would not have shown up in the day. When you mention your day order as:- You mean your order is eligible for execution when the “inside” ask price is In cases where the securities do not come at the given ask price and if they are more, then the order will not be executed in the trading day and the order expires after the trading day. If the conditions provided were fulfilled the order would be executed that day; however, for the next day a new order should be requested by the investor. |
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