The term VTC Full Form in the Share Market is “Valid Till Canceled”. This feature allows traders to place buy and sell limit orders for their selected stocks, specifying how long they want the order to remain active. If the stock reaches the set price, the order will be executed automatically; otherwise, it will be canceled after 45 days.
Features of VTC Orders in the Stock Market
Valid Till Canceled (VTC) orders are accessible for both cash and margin client mode products in the futures and equity segments. These orders are particularly useful for investors and traders who have a specific target price they wish to achieve, as they allow the order to remain active until the market reaches that price. The main benefit of VTC orders is that they remove the need to repeatedly enter the same order, simplifying the trading process.
How Does the VTC Order Work?
A trader places a VTC order by specifying the security, the desired price, and the number of shares. This order remains active until the security is bought or sold at the predetermined price or until the trader decides to cancel it. If the market price meets the specified conditions, the order will be executed.