Good till cancelled
A good-till-cancelled order stays working until it is filled or cancelled, on the venues that define it that way.
Explanation
CME's certification glossary says a good-till-cancel order remains open until it is completely executed or cancelled. CME's education page uses the same description. MetaTrader 5's Market Watch says good till cancelled means the order lifetime is unlimited, and lists other lifetimes as well: intraday, a specified time, and a stated date. A retail broker can still remove orders when an account is closed or a symbol is delisted. The name describes duration. It does not describe the price type.
This page explains published terms for education and reference. It is not financial, investment, tax, or trading advice, and it does not recommend a firm, product, or strategy.
Related terms
Sources and last check
Last checked . Rules, prices, and product names change. Read the source.