What is an Instant Order?

Fully known as "execute immediately or cancel" (IOC) orders, which are investors or broker special types of orders made. The order requires an immediate buy or sell of a specific securities. As the name implies, any part of the order that cannot be fulfilled is immediately canceled.

Where have you heard of Instant Orders?

Investors often refer to such orders when discussing limited-time orders. It is used to determine how long a security order should remain valid in the market. Execute immediately or cancel the order is only one of the limited time orders.

What You Need to Know About Instant Orders...

These orders are usually used to buy or sell a large number of securities. Therefore, it is important to understand the difference between immediate execution of an otherwise canceled order and other types of deadline orders, such as "active until canceled" and "closed or canceled" orders.

A unique feature of a pre-cancellation order is that an investor places an order to buy or sell a security at a specific price, which is required to remain in effect until the transaction is completed or the investor decides to cancel it.

Closing or canceling orders requires immediate fulfillment. If full fulfillment is not possible, the entire order is canceled.