immediate-or-cancel order

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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.

immediate-or-cancel order

A customer order that not only specifies a price but also requires the broker to fill immediately as much of the order as possible and cancel any part remaining. This type of order differs from a fill-or-kill order, which disallows a partial fill.
References in periodicals archive ?
The IOC's were equally there and the Maritime Workers Union of Nigeria (MWUN).
'Please take note that the IOC and OCA will send an observer to attend the extraordinary general assembly,' they added.
.we request that the POC coordinate with both IOC and OCA any further step to make sure that due process is followed in accordance to POC and Olympic charters, failing which the IOC will reserve the right to take any approprate action vis a vis the POC," they said.
Lalovic is expected to represent the IOC and meet Aiba executive committee members aiming to retain a role in the plan for Tokyo.
An IOC session, which is held once a year, is the general meeting of the IOC members who hold one vote each.
'Of course it is the most important thing for the athletes who have been training and preparing for this,' said John Coates, the man entrusted by the IOC to oversee the smooth running of the Games, following meetings in Tokyo.
In ousting AIBA from the Tokyo Games but creating a new path for boxers to compete, the IOC was seeking to ensure that athletes ''can live their dream and participate in the Olympic Games'' while making sure AIBA faced ''the necessary consequences,'' Bach said in a statement.
The Sheikh, who has been president of ANOC since 2012 and an IOC Member since 1992, faced charges that came out of power struggles in Kuwait.
Additionally, and even more dramatically, the IOC's most recent letter suggests that the CTOC, the non-governmental entity which manages Taiwan's presence at international sporting events, may soon face punitive measures from the IOC should the Taiwanese public vote to change its international designation for sporting events.
Fitch assesses the socio-political implications of a default by IOC as 'Very Strong'.
We also visited Sohar refinery to understand its configuration and the type of petrochemicals complex they are looking to build along with the refinery,' Dr S K Mazumdar, executive director (refining technologies) at IOC, told Muscat Daily on the sidelines of World Heavy Oil Congress and Exhibition (WHOC).