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Investing Glossary:
Immediate or canceled order (IOC order)
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
| Immediate or canceled order (IOC order)
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| Definition: |
| Market or Limited price order that is to be executed in whole or in part as soon as such order is represented in the Trading crowd. The portion not executed is to be treated as canceled. A stop is considered an Execution in this context. See: AON order, FOK order.
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