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What is IOC and VTC in ICICI Direct?

Day, IOC & VTC are order types offered by ICICI Direct.ICICI Direct customer has to choose the period of the validity of order while placing the order. The order could be valid for a day, IoC (Immediate or Cancelled) and VTC (Valid Till Cancelled).

  • Day Order: A Day order is valid till the end of the trading day.
  • IoC Order:An IoC (Immediate or Cancelled) order is either executed immediately or else get cancelled.
  • VTC Order:A VTC (Valid Till Cancelled) order is valid for 45 days. The order gets automatically executed when the stock reaches the desired set price or else gets cancelled after 45 days
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