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8 Cards in this Set
- Front
- Back
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Which types of orders may be a "Good-Til-Cancelled" order? |
1) Limit Orders 2) Stop Orders |
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What is a Fill-Or-Kill Order? |
A Fill-Or-Kill order must be executed immediately, or cancelled.
NO partial orders.
Usually Limit Orders. |
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What is an Immediate-Or-Cancel Order? What is unique about this type of order? |
Must be filled immediately (on the first try) or it is cancelled.
Unlike Fill-Or-Kill orders, PARTIAL IS OKAY!
Usually Limit Orders. |
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What is an an All-Or-None Order? |
An All-Or-None order must be filled immediately, or it is cancelled. |
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What is an On-The-Opening Order? |
An On-The-Opening Order must be executed at opening, or it is cancelled.
Can only be entered until 9:28am. |
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What is the difference between an Limit-On-The-Opening order (LOO) and a Market-On-The-Opening Order (MOO)? |
A Market-On-The-Opening Order is a MARKET order and is executed at the opening price.
A Limit-On-the-Opening will only be triggered if the opening price is the LIMIT PRICE OR BETTER.
Can be entered until 9:28am. |
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How late can MOO and LOO orders be entered? |
MOO and LOO orders must be entered prior to 9:28 am. |
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How late can On-The-Close Orders, to be executed at market close, be entered? |
On-The-Close Orders must be entered by 3:50pm. |
