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 classic literature ?
He had explained the matter to the French commander before Rokoff arrived, and the officer gave immediate orders to place the Russian in irons and confine him on board the cruiser.
The good man gave immediate orders for all his family to be summoned round him.
The 17-year-old hostel housed around 20 students, who have alleged that they were not given prior information or time to gather belongings before the authority officials came to the immediate order.
You can place an immediate order or schedule one for later, while being able to modify your selection to ensure it suits your preferences.
At time of going to press Ms McCue is suspended from the register under an immediate order but has the right to appeal against the suspension.
The tribunal sitting in Manchester imposed an immediate order of suspension from the register and determined that Dr Osborne's name should be erased from the medical register.
Rule 374A, under which the 3 MPs were suspended, empowers the Chair to take action against member(s) for bringing immediate order to the House.
The commission has asked the court for an immediate order banning Facebook from monitoring non-users in particular, which it may do via plug-ins or cookies.
com)-- Burpy now has a variety of automobiles for sale, allowing customers to browse through listings and place an immediate order through Burpy itself.
No immediate order for repayment was made but a spokesman for the Public Prosecution Service said "confiscation proceedings" were being pursued.
Tran, who admitted two charges of producing a Class B drug was sentenced to 18 months youth custody and he was told there would be an immediate order for his deportation.
The suspension of the four officials came in the wake of an immediate order from the state caretaker Governor, Maj.
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