KenTrade Online Trading

Bursa Good-Till-Date (Bursa GTD) Order

What is Bursa GTD order?

The Bursa GTD order is a trade order that will remain in the Bursa Malaysia’s trading system and KenTrade system, until: 

  • The order is fully executed or cancelled; 
  • The order reaches expiry date; or
  • The order is cancelled or withdrawn by Bursa Malaysia.
What is the maximum validity period for a Bursa GTD order?
The Bursa GTD expiry date can be set up to a maximum of 30 calendar days from the date the order is created.
How do I cancel or modify my Bursa GTD order?
The Bursa GTD order can only be cancelled or modified during trading/market hours from 8:30am till 5:00pm, Mondays to Fridays.
Under what circumstances would my Bursa GTD order be cancelled by Bursa Malaysia?

Auto cancellation of the Bursa GTD order for a stock will be triggered by Bursa Malaysia under any one of the following conditions: 

  • The stock goes through Corporate Exercise;
  • The stock is classified as “Designated Stock”;
  • The price of the order falls outside of the Static Price Limits*;
  • The stock is suspended for one session or more;
  • Trading suspension due to Circuit Breaker Halt Level 2**;
  • The stock is delisted or expired; or
  • The stock is marked from ready to immediate basis.


*The value for the Static Price Limits of a stock is calculated based on a specified range of percentage or absolute value from its Reference Price.

**FBMKLCI falls by an aggregate of more than 15% of the previous market day’s closing index.

Would KenTrade cancel my Bursa GTD orders?

Yes, KenTrade will perform daily checks at 8:10a.m. based on these parameters: 

  • Insufficient stock for sell order (applicable to client’s account that is Stock Check enabled);
  • Insufficient trading limits during morning limits check;
  • Client’s account with a “Suspended” or “Closed” status;
  • Client’s account that is affiliated to a DR with a “Suspended” or “Closed” status; or
  • Other restrictions such as non-marginable stocks (for margin accounts), non-shariah compliant stocks (for Islamic accounts), stock prohibited from trading by Kenanga Investment Bank Berhad due to credit reason, etc.
How do I check if my Bursa GTD order is cancelled?

You can check via KenTrade, by clicking on the “order status” button.