What Is An Open Order?
Once an order is placed, it will remain open until it is either canceled by the trader or filled by the broker. If an order is not filled, it will remain active until the end of the trading day. Open orders are usually limit orders to buy or sell, buy stop orders or sell stop orders. Investor can also, at any time after placing the order, cancel it. Most brokerages have stipulations that state that if open orders remain active (not filled) after several months, they will automatically expire. Open orders in trading…continue reading →