All Or None - AON

Filed Under »
Dictionary Says

Definition of 'All Or None - AON'

A condition used on a buy or sell order to instruct the broker to fill the order completely or not at all. If there is insufficient supply to meet the quantity requested by the order then it is canceled at the close of the market.
Investopedia Says

Investopedia explains 'All Or None - AON'

For example, if you send an AON order to your broker requesting 200 shares at $15, the broker will not fill the order unless he or she can obtain the 200 shares at $15. This prevents investors from having orders half filled before they expire. This is contrary to a common limit order, which is commonly partially filled. For example, if 150 shares trade at $15 and then rise to $17, the 150 shares will be purchased by the investor with the limit order and the remainder will be bought when the shares fall back to $15. If the trader had an AON order then he or she will not receive any shares and will have to resubmit the order the next day to buy the 200 shares at $15.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Fill Or Kill - FOK

    A type of ...
  2. Limit Order

    An order placed ...
  3. Order

    An investor's ...
  4. Market Order

    An order that an ...
  5. Time In Force

    A special ...
  6. Split Block Pricing

    The act of ...
  7. Tape Shredding

    When a broker ...
  8. Market If Touched - MIT

    A conditional ...
  9. Canceled Order

    1. A previously ...
  10. Iceberg Order

    A large single ...

Articles Of Interest

  1. Brokers and Online Trading: Accounts And Orders

    Discover what type of account and what kind of order you need to increase your investment''s profit.
  2. Stock Basics Tutorial

    If you're new to the stock market and want the basics, this is the tutorial for you!
  3. Forget The Stop, You've Got Options

    Using options instead of stop-loss orders adds finesse and control in limiting losses.
  4. Understanding Order Execution

    Find out the various ways in which a broker can fill an order, which can affect costs.
  5. A Look At Exit Strategies

    Setting appropriate exit points should help you avoid taking premature profits or running losses.
  6. Tips For Investors In Volatile Markets

    Find out what to look out for when trading during market instability.
  7. FX Exit Strategies: Keeping Your Profits

    There are several useful methods for exiting a position, all which are easy to execute and can be implemented into a trading plan.
  8. The 6 Most Common Portfolio Protection Strategies

    It's impossible to avoid all risk, but these strategies can help protect you against the worst of it.
  9. Trailing-Stop Techniques

    The important decision to exit a position must be based on more than emotion if you want to be a disciplined trader.
  10. How To Place Orders With A Forex Broker

    Learn how to set each type of stop and limit when trading currencies.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center