Good This Week (GTW)

An order that terminates at the end of the current calendar week.

How it worksGood this week explained

This is a conditional maturity trigger that can be attached to most order types. It primarily operates by introducing a calendar week deadline by which 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 current week, 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 by 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

Simon is a hedge fund manager who places trades on weekly cycles. Due to this, active trades are often closed at the end of the week, to better manage unallocated capital. Simon has issued a conditional limit order that is good this week, as it will allow him to close his position by week’s end to redeploy the unallocated capital.

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