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What is the difference between Aon and Fok?

AON, or “all or none,” means that the entire order must be filled at once, in its entirety. This can be helpful in ensuring that specific price and quantity goals are met. FOK, or “fill or kill,” means that the entire order must be filled immediately or it will be cancelled altogether.

What are Aon & FOK orders?

AON and FOK orders are limited price orders that are meant to be executed in full, and they are commonly used in market makers to test counterparty strength. They remain live until executed or canceled. In stocks and bonds, “all or none” bids and offers are not permitted.

What is the difference between Fok and all-or-none orders?

FOK and All-or-none orders are similar in that they are both limit orders. However, unlike a limit order, an All-or-None order can only be filled in full if it reaches its price limit. For this reason, FOK orders can also be day orders or GTC orders.

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