What Happens When There Are No Buyers or Sellers for My Order?

What happens when there are no buyers or sellers for the order I placed?

If your order isn’t being filled, it’s likely because there are no matching buyers (for your sell order) or sellers (for your buy order) at your specified price or in that security at the time.

What actually happens?

  • Your order remains open: It sits in the exchange order book, waiting to match with a counterparty.
  • It won’t be executed: Without a matching buy/sell order, the trade cannot go through.

Order validity matters

  • Day Orders: Will automatically expire at market close if not executed.
  • GTT (Good Till Triggered) Orders: Remain active until your specified trigger condition is met or until you cancel it manually.
Check the bid-ask spread and volume in the order book before placing large or limit orders in illiquid stocks.

What if...

ScenarioOutcome
You placed a sell order but no buyersOrder remains pending, not executed
You placed a buy order but no sellersOrder remains pending, not executed
Order validity expiresOrder is cancelled automatically if not GTT
You want to improve execution chancesModify the order price closer to market rate or place a market order

Last updated: 25 Jun 2025