One-Cancels-the-Other Order - OCO
 |
Definition of 'One-Cancels-the-Other Order - OCO'
An order stipulating that if one part of the order is executed, then the other part is automatically canceled.
|
 |
Investopedia explains 'One-Cancels-the-Other Order - OCO'
An investor with limited funds may place an order to buy both stocks and bonds and specify that it's a "one-cancels-the-other-order." In other words, if the market favors stocks and they are bought, the order to buy bonds will be canceled. Conversely, if the market suggests bonds are the way to go, the order will be to buy bonds and the order to buy stocks will be canceled.
|
-
Ever wonder what happens behind the scenes when you buy or sell a stock? Read on and find out!
Read More »
-
Find out the various ways in which a broker can fill an order, which can affect costs.
Read More »
-
Taking control of your portfolio means knowing what orders to use when buying or selling stocks.
Read More »
|
|
