For a 'Good till date' order, which description is correct?

For a 'Good till date' order, which description is correct?

• A. It remains valid until a specific date, with STI up to 1 year and OTI expiring at end of trading day
• B. It remains valid until the end of the trading day for all orders
• C. It remains valid until the next business day
• D. It has no expiration

Answer: (A)

Good till date orders are defined by a specific expiration date. On SIX Swiss, the duration of a GTD order depends on the time-in-force type you choose: STI orders can remain in the book for up to one year, while OTI orders expire at the end of the trading day. So a GTD order truly stays active until the chosen date, with STI allowing a long horizon and OTI ending each trading day. This combination is why that description is correct.

Good till date orders are defined by a specific expiration date. On SIX Swiss, the duration of a GTD order depends on the time-in-force type you choose: STI orders can remain in the book for up to one year, while OTI orders expire at the end of the trading day. So a GTD order truly stays active until the chosen date, with STI allowing a long horizon and OTI ending each trading day. This combination is why that description is correct.