What is a fill or kill order in trading?

Fill or kill. A fill or kill (FOK) order is "an order to buy or sell a stock that must be executed immediately"—a few seconds, customarily—in its entirety; otherwise, the entire order is cancelled; no partial fulfillments are allowed.

What is fill or kill (FOK)?

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.

Can a fill or kill order be cancelled?

But unlike a fill or kill order, it isn't cancelled if it's not executed immediately. Want to learn more? Improve your vocabulary with English Vocabulary in Use from Cambridge. Learn words you need to communicate with confidence. What is the pronunciation of fill or kill order?

What does it mean to kill an order?

Kill it and not fulfill the order. The idea of the fill or kill order is to make sure that you won’t get a partial fill or an execution on a slightly different price. It either executes the way you want it or doesn’t at all. If the broker fails to fill the entire order, it gets canceled and doesn’t go on the stock market.