Immediate Or Cancel Order - IOC

Filed Under »
Dictionary Says

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 Says

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).

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. All Or None - AON

    A condition used ...

  2. Fill Or Kill - FOK

    A type of ...

  3. Market Order

    An order that an ...

  4. Limit Order

    An order placed ...

  5. Stop Order

    An order to buy ...

  6. Sweep-To-Fill Order

    A type of market ...

  7. Order

    An investor's ...

  8. Good This Week - GTW

    A market order ...

  9. Market If Touched - MIT

    A conditional ...

  10. Cancel Former Order - CFO

    An order from an ...

Articles Of Interest

  1. The Basics Of Trading A Stock

    Taking control of your portfolio means knowing what orders to use when buying or selling stocks.

  2. Brokers and Online Trading: Accounts And Orders

    How do you find the right broker for your investment needs? Start by reading our broker tutorial.

  3. Beginner's Guide To NinjaTrader: Trading

    Learn how to get started using NinjaTrader's trading platform, developed for active traders interested in stocks, futures and the forex markets.

  4. How To Place A Trade With TradeStation Trading Software: Order Bar

    TradeStation's trading platform allows traders to place and manage trades using order-entry interfaces. Learn how to use each interface prior to placing trades in a live market.

  5. Forget The Stop, You've Got Options

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

  6. Understanding Order Execution

    Find out the various ways in which a broker can fill an order, which can affect costs.

  7. A Look At Exit Strategies

    Setting appropriate exit points should help you avoid taking premature profits or running losses.

  8. Tips For Investors In Volatile Markets

    Find out what to look out for when trading during market instability.

  9. 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.

  10. 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.
Sponsored links

comments powered by Disqus
Hot Definitions

  1. Love Money

  2. Shark Watcher

  3. Judo Business Strategy

  4. Dogs Of The Dow

  5. Chinese Hedge

  6. X-Mark Signature

Recommended
Loading, please wait...
See More »
Trading Center