Immediate Or Cancel Order - IOC
 |
Definition of 'Immediate Or Cancel Order - IOC'An order to buy or sell a security that if not immediately filled, will be canceled. An IOC order is one of several "duration orders" that investors and traders can use to specify how long the order will remain active in the market and under what conditions the order will be canceled.An IOC order requires all or part of the order to be executed immediately, otherwise the order (or any unfilled parts of the order) will be canceled. Partial fills are accepted with this type of order duration, unlike a fill-or-kill order, which must be filled immediately in its entirety or be canceled. |
 |
Investopedia explains 'Immediate Or Cancel Order - IOC'An IOC duration may be specified when a large order is submitted to the market. Filling a large order may be difficult; to avoid having the order filled at a wide variety of prices, an IOC will automatically cancel any part or the order that does not fill right away. When a trader or investor submits an order to buy or sell a security or other instrument, he or she can specify both the type of order - such as market or limit - and the duration of the order. Order entry interfaces that are part the various available trading platforms allow traders and investors to choose from a number of durations in addition to the immediate-or-cancel orders. Other durations include day (automatically canceled at the end of the regular trading session); good-till-canceled (remains active until the trade is executed or canceled); and good-till-date (remains active until a user-specified date, unless it has been executed or canceled). |
Related Definitions
Articles Of Interest
-
The Basics Of Trading A Stock
Taking control of your portfolio means knowing what orders to use when buying or selling stocks. -
Which Order To Use? Stop-Loss Or Stop-Limit Orders
Stop-loss and stop-limit orders can provide different types of protection for investors seeking to lock in profits or limit losses. Investors need to know how each type of order works to know ... -
The Basics Of The Bid-Ask Spread
The bid-ask spread is essentially a negotiation in progress. To be successful, traders must be willing to take a stand and walk away in the bid-ask process through limit orders. -
Forex: Demo Before You Dive In
All trading platforms have benefits and drawbacks - master the fake trade before making a real one. -
Forget The Stop, You've Got Options
Using options instead of stop-loss orders adds finesse and control in limiting losses. -
The Stop Loss Order
A stop loss order can protect an investor's portfolio when it is left unattended. Find out more about this market order and how it can work for you. -
Introduction To Order Types
A trade order is an instruction that is sent to a broker to enter or exit a position. Learn about the various types available to investors. -
Understanding Order Execution
Find out the various ways in which a broker can fill an order, which can affect costs. -
Intermediate Guide To MetaTrader 4
Learn how to use MetaTrader 4 software at an intermediate level. -
A Look At Exit Strategies
Setting appropriate exit points should help you avoid taking premature profits or running losses.
Free Annual Reports