A type of order where the client wants the entire order executed or none of it. CompassWeb Brokerage rules require an AON order to be a minimum of 100 shares for securities and a minimum of 2 contracts for options orders. An AON order can be either a "day" order or a "good til canceled" order. See: Day Order; Fill Or Kill Order; Good Til Canceled Order; Immediate Or Cancel Order; Orders
Limited order to be executed in its entirety only.
An all or none order is a limited price order which is to be executed in its entirety or not at all. If an A.O.N. is not executed, the order is not treated as cancelled. Instead, it is to remain good until executed or cancelled. In the Marketocracy competition this type of order is similar to a limit order that is good til cancelled.
The order will be executed if and only if all the shares specified in the order can be sold (or bought). It is important to note that some brokers give lower priority to all or none orders than any amount (see below) orders.
A type of order where the client wants the entire order executed or none of it. The purchase (or sale) order must be greater than one round lot (100 shares). An AON order can be either a "day" order or a "good til canceled" order. Ryan Beck & Co., Inc. on-line rules require an AON order to be a minimum of 100 shares for securities and a minimum of 2 contracts for options orders. See: Day Order; Fill Or Kill Order; Good Til Canceled Order; Immediate Or Cancel Order; Orders
In brokerage, order instruction, particularly for large orders, to execute the total quantity or none.
Used in context of general equities. A.O.N. Order: limited price order which is to be executed in its entirety or not at all (no partial transaction), and thus is testing the strength/conviction of the counterparty. Unlike an F.O.K. Order, an A.O.N. Order is not to be treated as cancelled if not executed as soon as it is represented in the trading crowd, but instead remains alive until executed or cancelled. The making of " all or none " bids or offers in stocks is prohibited and the making of " all or none " bids or offers in bonds is subject to the restrictions of rule 61. A.O.N. Orders are not shown on the specialist's book because pieces of them cannot be traded. Antithesis of any-part-of order. See F.O.K. Order.
An all or none order is an order in which an investor demands that all of the shares in his order are to be bought or sold at one time. If this condition is not met, then his order is not executed.