Good This Month (GTM)

An order that terminates by the end of the current calendar month.

How it worksGood this month explained

This is a conditional maturity trigger that can be attached to most order types. It primarily operates by introducing a deadline, due by the end of the current calendar month, by which point the order is closed, irrespective of whether it is filled, or open.

The main benefit of this order type is that it closes the trade by the end of the calendar month, so if the trader is operating on a fixed deadline due to bureaucratic, operational, or personal reasons, this is an ideal means by which they can limit their market exposure until a certain date.

The drawback is that since the trigger to close the order is dependent on time and not market conditions, it may close when a trader might have preferred to keep their order active.

Illustrative AXO price: 12.5 ADA
Use case

How it is used

Anastasia is a hedge fund manager who places trades on monthly cycles. Due to this, active trades are often closed at the end of the month to better manage unallocated capital. Consequently, she has issued a conditional limit order that is good this month, which will allow her to close her positions by month’s end to redeploy the unallocated capital.

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