IOC stands for Immediate or Cancel.
An Immediate or Cancel (IOC) order allows the user to buy or sell a security as soon as the order is released into the system. If the order could not be completed at that time then it is canceled from the system. There might be a partial match of the order causing it to be executed partially only, in this case the unmatched portion is canceled immediately.
The execution of the order is instantaneous. If it finds a match, then it executes, else the order fails and is removed from the system.
An Immediate or Cancel (IOC) order allows the user to buy or sell a security as soon as the order is released into the system. If the order could not be completed at that time then it is canceled from the system. There might be a partial match of the order causing it to be executed partially only, in this case the unmatched portion is canceled immediately.
The execution of the order is instantaneous. If it finds a match, then it executes, else the order fails and is removed from the system.
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ReplyDeleteDuring delivery, will the stock price remain the same as when I bought or will it be the current market price at the time of delivery?
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