ROD in trading usually means Rest of Day : the order stays active for the rest of the trading day until it fills, you cancel it, or the market closes. In many stock markets, it’s basically an “active until end of day” order type.

Quick Scoop

  • ROD = Rest of Day.
  • It means the order remains valid for the trading day.
  • Any unfilled part is typically canceled automatically at the close.
  • It’s commonly discussed alongside IOC and FOK, which are different order-time settings.

Why it matters

If you place a buy order at a certain price with ROD, the order can keep waiting during the session instead of expiring right away. That makes it useful when you want a price target and do not need instant execution.

Simple example

If you submit a buy order for 100 shares with ROD at 50, the order can remain open through the day and fill whenever the market reaches your price. If only 60 shares fill, the remaining 40 stay open until the session ends, then expire automatically.

Related terms

  • IOC : immediate-or-cancel, fill what you can right away, cancel the rest.
  • FOK : fill-or-kill, execute all at once or cancel everything.

Note on “7%”

The “7%” part is not a standard meaning of ROD itself. It may refer to a price limit, a forum rule, or a trading platform setting, but ROD by itself refers to the order’s validity period.

TL;DR: ROD means an order stays valid for the rest of the trading day, not just for an instant.