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Quotes of the day:
I wouldn\'t recommend sex, drugs or insanity for everyone, but they\'ve always worked for me.
An immediate or cancel order (IOC) is an order to buy or sell a security that executes all or part immediately and cancels any unfilled portion of the order. An IOC order is one of several duration orders that investors can use to specify how long the order remains active in the market and under what conditions the order is canceled. Other commonly used duration order types include fill or kill (FOK), all or none (AON) and good ‘till canceled (GTC). Most online trading platforms allow IOC orders to be placed manually or programmed into automated trading strategies.
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