This means do it now if the option (or stock) is available in the crowd or from the specialist, otherwise kill the order altogether. Similar to an all-or-none (AON) order, except it is "killed" immediately if it cannot be completely executed as soon as it is announced. Unlike an AON order, the FOK order cannot be used as part of a GTC order.
A trading order that is canceled unless executed within a designated time period. A market or limited price order that is to be executed in its entirety as soon as it is represented in the trading crowd, and, if not so executed, is to be treated as canceled. For purposes of this definition, a stop is considered an execution. Equivalent to AON and IOC simultaneously.
A trading order that is canceled unless executed within a designated time period. Related: open order.
A customer order which demands immediate execution or cancellation.
A limit order for futures or options that is to be filled immediately entering the pit and canceled if the broker is unable to fill it at once.
A trading order that is canceled unless executed immediately.
A trading order which demands immediate execution otherwise it is automatically canceled.
a LIMIT order that must be filled immediately or cancelled
A tradable limit order marked "FOK" will trade as much stock as possible upon entry, but will immediately cancel or kill any unfilled volume.
An order submitted to an exchange's order book with a specified size and, if possibly, a specified limit price. Fill or kill orders are either executed in full immediately, or are rejected.
Also known as a quick order, is a limit order which, if not filled immediately, is canceled.
An order that is canceled unless filled.
An order submitted to the electronic order book with a specified size and, at the option of the member firm, a specified limit price which either executes in full against eligible orders at the price of those orders or is rejected in full from the order book.
Type of order input into SETS. It is either completed in full against displayed orders or rejected in full.
An order which demands immediate execution or cancellation.
A limit order to buy or sell a security in which the client instructs the broker to execute the order immediately in its entirety. If the order cannot be executed, it is canceled. FOK orders are usually used when a client wants to transact a large quantity of a security--one that would cause a significant price change if a market order to buy or sell were entered. See: Fill; Limit Order; Market Order
An order which must be executed in its entirety or canceled completely.
An order that demands immediate execution or cancellation. Typically involving a designation, added to an order, instructing the broker to offer or bid (as the case may be) one time only; if the order is not filled immediately, it is then automatically cancelled.