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  • No : 10814
  • Updated Date : 2021/03/24 09:14
  • Modified on : 2023/01/17 10:19
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[J-GATE3.0]Please explain about the behavior regarding order inactivation of GTD orders placed on business day preceding non-business day.

Please explain about behavior regarding order inactivation of GTD orders placed on business day preceding non-business day.
Category : 

Answer

[Premise]
- Trading day changes at DAY_END.
- The specified number of days (every trading day) is to be calculated based on the calendar day, so a non-business day and a Holiday Trading day are also considered as one day in calculation of the number of days and subtracted.
- Orders will be expired at preceding trading day if specified number of days (trading days) falls upon OSE non-business day.
 
[Behavior]
(1) GTD order placed during Day Session on Friday.
1. In case that GTD order placed with validity time configured as “1”.
The order will be invalidated at J_NET_END on Friday since validity time is to be expired on Friday.
2. In case that GTD order placed with validity time configured as “2”.
Validity time will be expired on Saturday, but Saturday is a OSE non-business day, so the order will be invalidated at J_NET_END on Friday.
3. In case that GTD order placed with validity time configured as “3”.
Validity time will be expired on Sunday, but Sunday is a OSE non-business day, so the order will be invalidated at J_NET_END on Friday.
4. In case that GTD order placed with validity time configured as “4”.
The order will be invalidated at J_NET_END on Monday since validity time is to be expired on Monday.

(2) GTD order placed during Night Session on Friday.
1. In case that GTD order placed with validity time configured as “1”.
Trading day has already changed to Monday (next trading day), so the order will be invalidated at J_NET_END on Monday since validity time is to be expired on Monday.
2. In case that GTD order placed with validity time configured as “2”.
Trading day has already changed to Monday (next trading day), so the order will be invalidated at J_NET_END on Tuesday since validity time is to be expired on Tuesday.
3. In case that GTD order placed with validity time configured as “3”.
Trading day has already changed to Monday (next trading day), so the order will be invalidated at J_NET_END on Wednesday since validity time is to be expired on Wednesday.
4. In case that GTD order placed with validity time configured as “4”.
Trading day has already changed to Monday (next trading day), so the order will be invalidated at J_NET_END on Thursday since validity time is to be expired on Thursday.

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