Exante Adds GTC Orders Emulation to its Trading Terminal

Tuesday, 19/04/2016 | 09:20 GMT by Damian Chmiel
  • The company’s terminal supports GTC orders in the US markets, but the list will be extended in the near future.
Exante Adds GTC Orders Emulation to its Trading Terminal
Exante

Exante, an investment services company offering Multi-Asset brokerage services, announced today the addition of emulated Good Till Cancel (GTC) orders to its portfolio. As the official press release states, the trading terminal already supports this feature.

GTC orders can be conducted both in the case of purchasing or selling an asset and are executed when the current market price coincides with the price of the order. GTC emulation support means that orders not executed during the previous day are renewed over the next session.

Emulated GTC orders

Emulated GTC Order

Orders of this type can be found on the overall list of available transactions and remain unrealized until cancelled or executed by the traders. However, some markets still do not offer support for fair GTC orders - in these cases Exante advises emulation.

According to the information made available by the company, investors may execute GTC orders in the US market – NASDAQ and NYSE exchanges. In the near future, the total number of available markets should be extended. Support for GTC emulation will be attached to those global bourses that do not include GTC in their offerings.

Finance Magnates last reported on Exante in late February when the brokerage’s customers were charged by SEC for securities fraud. The accusations against the company were dismissed.

Exante, an investment services company offering Multi-Asset brokerage services, announced today the addition of emulated Good Till Cancel (GTC) orders to its portfolio. As the official press release states, the trading terminal already supports this feature.

GTC orders can be conducted both in the case of purchasing or selling an asset and are executed when the current market price coincides with the price of the order. GTC emulation support means that orders not executed during the previous day are renewed over the next session.

Emulated GTC orders

Emulated GTC Order

Orders of this type can be found on the overall list of available transactions and remain unrealized until cancelled or executed by the traders. However, some markets still do not offer support for fair GTC orders - in these cases Exante advises emulation.

According to the information made available by the company, investors may execute GTC orders in the US market – NASDAQ and NYSE exchanges. In the near future, the total number of available markets should be extended. Support for GTC emulation will be attached to those global bourses that do not include GTC in their offerings.

Finance Magnates last reported on Exante in late February when the brokerage’s customers were charged by SEC for securities fraud. The accusations against the company were dismissed.

About the Author: Damian Chmiel
Damian Chmiel
  • 2071 Articles
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About the Author: Damian Chmiel
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
  • 2071 Articles
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