It is a good feature that ICICIdirect has allowed the clients to let the order survive in their trading screen for 45 days. Earlier this limit was 30 days which has been enhanced to 45 days under VTC i.e. valid till cancel and is available for NSE & BSE orders. Earlier MyGTC was only available for BSE.
They have sent an email to all the clients of theirs and the content is as as appended below:
In our constant endeavour to provide you best in class product & services we would like to inform you the name change of myGTC to VTC (Valid Till Cancel) and further new improvised features.
VTC order offers you the flexibility to place your desired buy / sell price in limit orders which is now kept open for 45 days instead of 30 days earlier.
This facility inherently serves the twin objectives of :
- Execution at your defined price levels.
- Minimizing the efforts of monitoring the stock prices. It saves the hassle of placing the same order repeatedly each day till the stock reaches the desired level.
ICICIdirect further stated in the email that they have been awarded as the "No.1 Broker" in India at prestigious ET NOW Starmine Awards and as "Best - E Brokerage House" at Outlook Money Awards for the 8th year.
However do remember to check out the best broker comparison analysis which will help you choose the best broker for your trading requirements.