SIE - Securities Industry Essentials Exam

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If an investor wants to keep an order working in the market and not have to reenter the order every day, what type of order can he use?

Day order
A
All or none order
B
Discretionary order
C
Good til canceled order
D

Explanations

A GTC order stays working each day until it is either filled or canceled. This eliminates the need to re enter a new order every day.

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