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Immediate Or Cancel

(IOC) - Similar to the Fill or Kill (FOK) in that it has to be done immediately, but an IOC order allows for a partial execution.

Additional Comments:

In other words, if the client enters an order to buy 10,000 XYZ @ 76 IOC and only 9,000 shares are available at the instant the order is present the 9,000 may be bought. The other 1,000 will be killed.

Related Terms:

Fill or Kill
(FOK) - An order where a precise number of contracts must be filled or the order ...

Market Order
An order to buy or sell securities at the price given at the time the order ...

Partial Fills
A partial fill occurs when a trader places an order for a certain number of shares, ...

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