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IOC Order

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IOC order

Immediate-or-Cancel Order
An order from a broker to buy or sell a security or derivative, usually in large quantities, in which investors have a short period of time to partially or completely fulfill the order before it is cancelled. An IOC may be considered the opposite of a good 'til cancelled (GTC) order; it differs from a fill-or-kill (FOK) order because an IOC may only be partially filled, while an FOK must be entirely filled or the whole offer is void. An IOC is considered a type of day order, but has a much shorter time frame. See also: All-or-none offering.


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OLYMPICS Four unidentified athletes from the Atlanta Olympics could be banned for four years if the IOC orders the retest of potentially positive samples.
The Exchange will not accept Market IOC orders in either the Early or Late Trading Session.
If the market moves into the limit price, the order aggressively takes liquidity by sweeping with IOC orders.
 
 
 
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