What is Fill or Kill ?

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Fill or kill (FOK) is a conditional type of time-in-force order used in securities trading that instructs a brokerage to execute a transaction immediately and completely or not at all. This type of order is most often used by active traders and is usually for a large quantity of stock. The order must be filled in its entirety or else canceled (killed).A FOK is essentially an all-or-none (AON) and immediate-or-cancel order (IOC) combined.

Definition

Fill or Kill (FOK) is a type of order used in securities trading that instructs a broker to execute the order immediately and completely, or not at all. This type of order is often used by active traders, typically for large quantities of stock.

Origin

The FOK order originated in traditional stock exchanges and became popular with the advent of electronic trading. It combines features of All or None (AON) and Immediate or Cancel (IOC) orders, aiming to enhance trading efficiency.

Categories and Features

The main feature of an FOK order is its

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