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Good Till Orders on SGX
SGX wiil be introducing two new long dated orders, Good Till Date(GTD) and Good Till Maximum(GTM).
These features when selected will allow investors’ orders to remain in the order book until they are fully filled, specifically cancelled or when the instrument is de-listed or expired. The long dated orders are valid for an extended number of days, up to a maximum of 30 days.
This is a very useful feature that will save investors the hassle of re-keying in their orders every day.