Investors and traders using GTT (Good Till Triggered Orders) can modify certain components of their orders once the primary leg has been triggered. Specifically, under a specific set of circumstances, the price on the stop-loss leg and target leg can be modified, allowing for flexibility in managing positions.

Modifying Triggered Legs

When the leg of a GTT order has been triggered and marked as ‘Open’, traders can modify the price once it is ‘Open’. This means that both the stop-loss leg and the target leg can be modified based on price while being ‘Open’. This modification feature allows traders to modify their exit points regardless of any market movement, without having to cancel the primary leg or create a new order.

Partial Execution and Quantity Updates

When the primary leg is partially executed, the system will update the stop-loss and target legs, or the exit legs, to reflect the traded quantity, as the system will automatically adjust any stop-loss or target orders for the exit legs based on the quantity executed. Adjustment for exit order will take place on the next trading day, so that it reflects the actual position quantity to exit.