Just like ordering eggs at breakfast, we all have our preference when it comes to how long we want our orders active. When it comes to trading stocks/ETFs of stock/ETF options, you have three choices when it comes to how long you want the order to remain working. Currently, GTC and GTD orders are not available for futures or options on futures orders. By default, the platform will default Time-In-Force (TIF) to a Day order. However, if you want to set a different default TIF, then please follow the directions below.
To learn more about the difference between Day, GTC, and GTD orders, please click here.
How to set a default TIF
To change your default, click the gear iconlocated throughout the platform to enter the Settings menu. Once there, select the Trade module along the left-hand side and select the Order Tab. Lastly, to choose a default TIF click Default Order Time-In-Force.
Web Browser Platform
Click More, located on the top left corner to reach the Settings menu. Next, click Settings. Lastly, select Order Entry, and you'll see a drop-down menu for a Default Order Time-In-Force.