Why are GTTs disabled, cancelled, expired, or rejected?
GTTs may be disabled, cancelled, expired, or rejected for the following reasons:
- If the GTT is placed less than 0.25% from the LTP after validation.
- If the shares undergo corporate action like bonus and stock split. To learn more about bonus and stock splits, see What is a bonus issue? and What is a stock split?
Cancelled or Rejected
- If the shares get delisted or suspended. To learn more, see What does delisting of a stock mean? and What does suspension of trading in a stock mean?
- If the shares undergo a category or series change. To learn more, see What do the different groups on NSE and BSE mean?
- If the shares undergo corporate action like rights issue, consolidation, spin-off, and reduction in capital. To learn more, see What is a rights issue? and What is consolidation of shares?
- If the derivative contract has expired and the contract is no longer valid.
- For equity, the GTT is valid for a year. If it fails to trigger, it expires.
A fresh GTT order must be placed in case the GTT has been disabled or expired.
Did you know?
- The validity of a GTT (Good Till Triggered) for the equity segment is one year from the placement date. After one year, the GTT will be automatically cancelled, but it can be re-created if necessary.
- One account can have a maximum of 250 active GTTs simultaneously.
- An email notification is sent whenever a GTT is triggered, expired or if an order is placed on the exchange. Before placing a GTT, please review the terms and conditions by visiting zerodha.com/tos/gtt.