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.
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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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
IOC orders POC: clarify, rectify !-- -- Olmin Leyba (The Philippine Star) - July 2, 2019 - 12:00am MANILA, Philippines The Philippine Olympic Committee will now have to fill up its vacant elective positions, including the presidency, as the International Olympic Committee and Olympic Council of Asia made sure it would watch the developments with interest, and make sure everything's done accordingly.
For more than a year, the IOA has defied IOC orders and has been dilly- dallying, forcing many Indian athletes to compete at international events under the flag of the IOC or the Olympic Council of Asia.
Lightspeed Dark Assault: The new Dark Assault route offers improved pricing, enhanced Dark Pool access with more liquidity providers, increased chance for price improvement, ability to rest orders, and both day and IOC orders are now accepted.
The individual's right to participate in his or her own treatment decisions becomes even more vital when considering the side effects of commonly-used psychiatric medications, particularly antipsychotics, which are the main component of most IOC orders. (122) One particularly severe side effect is tardive dyskinesia, which is characterized by uncontrollable repetitive movements.
In some cases, clients may be unable to avoid an IOC order despite their objections.
2000) (holding no finding of incompetency necessary for IOC order); see also Rivers, 495 N.E.2d at 344 (stating fundamental right to refuse medication).
The court surmised that the judge would not grant an IOC order if the individual had not had the opportunity to meaningfully participate in the treatment plan.
Many of the first IOC orders in the United States did not initially rely on a finding of deterioration.
For example, a court hearing is not needed to initially place a person on a CTO or leave certificate in Canada while a court heating is required for an IOC order placement in many states.
The statement clearly indicated that those who will be part of any such act that flouts the IOC orders will also have to face the music.