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--- developers:fixapi:gtcorder [2025/09/12 01:48] – removed - external edit (Unknown date) 127.0.0.1
+++ developers:fixapi:gtcorder [2025/09/12 01:48] (current) – ↷ Page moved and renamed from developers:fixapi.gtcorder to developers:fixapi:gtcorder chad
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+===== Good-Til-Canceled (GTC) Order =====
+A **Good-Til-Canceled (GTC) Order** is entered with the **New Order Single** (Tag 35=D) message.
+Following are the most relevant tags to build a GTC Order:
+^ Tag ^ Field ^ Description ^
+| 40=2 | OrdType | Specifier of Limit Order Type |
+| 44   | Price | Limit Price |
+| 59=1 | TimeInForce | Specifier of the Good-Til-Cancelled characteristic |
+| 48   | SecurityID | Market for which the order is sent |
+| 55   | Symbol | Contract for which the order is sent |
+| 207  | SecurityExchange | Exchange for which the order is sent |
+| 167  | SecurityType | Security Type (e.g. Futures) of this specific market |
+----
+**Sample**
+In this example, the order is submitted for a limit price (**Tag 44**) of **65950** or better.
+As it is a buy order, a better price indicates a price lower than **65950**.
+By setting **Time-In-Force** (**Tag 59**) to **1**, the GTC order is defined.
+It remains open across multiple trading sessions until it is canceled, filled by the market, or expired.
+GTC Limit Order
+<code>
+[FIXNEWORDER] 34=8|49=T4Example|56=T4|50=TraderName|52=20130222-15:51:44.315|1=Account1|11=fn-634971235043159226|48=CME_20130300_ZCH3|55=ZC|207=CME_C|54=1|38=1|40=2|44=65950|59=1|167=FUT|21=1|60=20130222-15:51:44.315|204=0|
+[FIXNEWORDER]
+[MsgSeqNum] 34 = 8
+[SenderCompID] 49 = T4Example
+[TargetCompID] 56 = T4
+[SenderSubID] 50 = TraderName
+[SendingTime] 52 = 20130222-15:51:44.315
+[Account] 1 = Account1
+[ClOrdID] 11 = fn-634971235043159226
+[SecurityID] 48 = CME_20130300_ZCH3
+[Symbol] 55 = ZC
+[SecurityExchange] 207 = CME_C
+[Side] 54 = 1 (BUY)
+[OrderQty] 38 = 1
+[OrdType] 40 = 2 (LIMIT)
+[Price] 44 = 65950
+[TimeInForce] 59 = 1 (GOOD_TILL_CANCEL)
+[SecurityType] 167 = FUT (FUTURE)
+[HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION)
+[TransactTime] 60 = 20130222-15:51:44.315
+[CustomerOrFirm] 204 = 0 (CUSTOMER)
+</code>
+GTC Order Response
+<code>
+[fixexecutionreport] 34=297|49=T4|56=T4Example|50=T4FIX|52=20130222-15:51:44.752|143=UK|1=Account1|11=fn-634971235043159226|17=48018.7016186076_ZCH3.6349712350605100006.1.BDB2042E|150=0|37=BDB2042E-2811-4470-9FD3-4C36CBC19FA9|39=0|48=CME_20130300_ZCH3|55=ZC|207=CME_C|200=201303|59=1|107=Corn Mar13|54=1|167=FUT|38=1|40=2|44=65950|60=20130222-15:51:46.051|21=1|204=0|
+[FIXEXECUTIONREPORT]
+[MsgSeqNum] 34 = 297
+[SenderCompID] 49 = T4
+[TargetCompID] 56 = T4Example
+[SenderSubID] 50 = T4FIX
+[SendingTime] 52 = 20130222-15:51:44.752
+[TargetLocationID] 143 = UK
+[Account] 1 = Account1
+[ClOrdID] 11 = fn-634971235043159226
+[ExecID] 17 = 48018.7016186076_ZCH3.6349712350605100006.1.BDB2042E
+[ExecType] 150 = 0 (NEW)
+[OrderID] 37 = BDB2042E-2811-4470-9FD3-4C36CBC19FA9
+[OrdStatus] 39 = 0 (NEW)
+[SecurityID] 48 = CME_20130300_ZCH3
+[Symbol] 55 = ZC
+[SecurityExchange] 207 = CME_C
+[MaturityMonthYear] 200 = 201303
+[TimeInForce] 59 = 1 (GOOD_TILL_CANCEL)
+[SecurityDesc] 107 = Corn Mar13
+[Side] 54 = 1 (BUY)
+[SecurityType] 167 = FUT (FUTURE)
+[OrderQty] 38 = 1
+[OrdType] 40 = 2 (LIMIT)
+[Price] 44 = 65950
+[TransactTime] 60 = 20130222-15:51:46.051
+[HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION)
+[CustomerOrFirm] 204 = 0 (CUSTOMER)
+</code>
+Further details on the tags used for this order type are described in the dictionary of the New Order Single message.
+[[developers:legacy_fix_api|T4 FIX API Home]]