one-cancels-the-other order

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One-Cancels-the-Other Order

An order to conduct two transactions such that, if one transaction is done, then the other is cancelled. For example, an investor may wish to buy both stocks and bonds at a certain price. If the price becomes available for bonds first, that part of the order is filled while the order to buy stocks is cancelled. OCO orders may apply to different types of securities or even to different types or orders; for example, one may contain both stop-loss orders and limit orders. OCO orders are useful to investors who have limited funds and perhaps are unsure about the market's direction at a given time. It is also called an either-or order.

one-cancels-the-other order

References in periodicals archive ?
He was charged with taking the car, driving without insurance and without a licence - and because he had breached earlier probation and combination orders, city magistrates sentenced him to four months in the Brinsford young offenders' institution near Wolverhampton.
PrecISE also supports the entry of stock-option combination orders, such as buy-write and delta neutral orders, through its easy-to-use interface.
Offenders sentenced to probation orders went up by 5percent to 3,862, with a further 1,551 ordered to comply with combination orders, also up 5percent.