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 ?
In Afghanistan, OCO funds will provide resources for
It happened because the community got mobilized: Up to 350 OCO members regularly attended school board meetings and 400 or more came to each in a series of action assemblies throughout the city.
You can also use OCO orders on stop losses and limit orders.
Ali Ibrahim Shenoon al Raisi, executive chairman of OCO, said, "On behalf of the OCO Board, we are very grateful for the generosity and compassion of each and every member of PDO staff who conA[degrees]tributed and we will ensure that the funds are used effectively to help those most in need in Gaza.
Although the OCO budget is still a supplemental appropriation, it is not "free money" and is subject to the joint Office of Management and Budget (OMB) and DoD "OCO criteria" which regulates what contingency operations costs are eligible for OCO funding.
With more than 250 specialists worldwide, OCO believes that structured crime is a danger for the security of democracy, privacy and freedom around the world and must be addressed, as a global problem, through worldwide networking and exchange.
In FY 2013, OCO funds will support security assistance programs
In March 2010, DOD reported obligations of about $825 billion attributed to OCO for the period September 2001 through January 2010.
The news comes as a local business, OCO, launched a new inward investment tracker yesterday, coinciding with the latest foreign direct investment.
Legends has teamed up with Oco Communications, also of Leamington, to develop www.
Legends, which has branches throughout the country, teamed up with Oco Communications to develop an 'extreme' website to appeal to its youth-oriented target audience of surfers, skate-boarders, snow-borders and BMX riders.