What is validity in Zerodha Kite?

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Validity in Zerodha Kite means the time till when an order remains valid in the market once placed. There are options like Day orders and Immediate or Cancel orders (IOC). Zerodha also offers the customers to place GTT orders (Good Till Triggered orders).

Day orders are the orders that remain valid throughout the day till the market close. These orders once placed, will wait for the matching order till 3.30 pm. The order gets executed on finding an order match. Day orders do not get auto-cancelled, unlike IOC orders.

IOC orders allow an investor to buy or sell a security as soon as the order gets released in exchange. As the name says, an IOC order either gets immediately executed or immediately auto-cancelled based on whether it finds a matching order or not. IOC orders do not go in Pending orders at any time. In case of a partial match, the order gets partially executed and, the remaining balance gets cancelled.

GTT (Good Till valid Triggered) orders are the orders that remain valid till the trigger condition is met or one year, whichever is earlier. In case, the matching order is not found or the trigger conditions do not meet within that period, the order will get cancelled and will need to be placed again.

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