Traders utilising the GTT (Good Till Triggered) order type should be aware of the mechanism for stop loss and target orders when a primary leg of the order is partially filled and taking into account the difference between intraday and delivery orders.

Intraday orders:

• Neither the target nor stop-loss orders are placed until the primary leg has been filled in its entirety.

• If the primary leg is partially filled, the amount that is still pending will be cancelled automatically.

• And the filled amount will be squared off on the same trading day, thus no positions will remain the next day.

Delivery Orders:

• Target & stop-loss orders will not be created until the primary leg is filled.

• If the primary leg is only partially filled when the market closes, the unfilled portion is cancelled at the end of the trading day.

• Any portion filled is reflected in the "positions" or "holdings" tab.

• Target and stop-loss orders for the filled portion will be created on the next trading day, reflecting the exact filled quantity of the primary leg.

Takeaway:

• This process allows for more precise risk management and avoids the possibility of unaware order fills.

• Traders should monitor partial fills and be aware that intraday and delivery GTT orders will behave differently.