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Basic Question 12 of 13
An order that is automatically cancelled at the end of the day is called a ______.
B. stop order
C. day order
D. market order
E. GTC order
A. limit order
B. stop order
C. day order
D. market order
E. GTC order
User Contributed Comments 7
| User | Comment |
|---|---|
| kalps | Order cancelled at the end of the day is a stop order |
| eavotri | a stop order can be either for the day or GTC |
| phillip | but the question is not asking anything about a stop order. It's a day order. |
| stefdunk | stop and limit orders are either day, (week) or gtc. |
| jpducros | GTC = "good'till canceled" for those who forgot. |
| irapp92 | kalps needs to lose their commenting privileges |
| ascruggs92 | A stop order deals with specified price not time period. A day order is what it sounds like, it is an order that expires at the end of the trading day |
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Learning Outcome Statements
compare execution, validity, and clearing instructions
compare market orders with limit orders
CFA® 2025 Level I Curriculum, Volume 3, Module 1.