6.3.4.5. Fill-and-Kill (FAK)
Fill-and-Kill orders are immediately executed for any quantity at the prevailing market price. If the order cannot be fully filled, the remaining balance is canceled. A minimum quantity can be specified. If the specified minimum quantity cannot be filled, the order is canceled. A fill or kill order may be simulated by using the FAK qualifier and setting the minimum quantity to the full amount of the order.
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SUMMARY Order Placement |
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Price Orders |
Time Orders |
Cancellation Orders |
Electronic Orders |
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Market orders |
Good For Day |
Straight cancel |
Market-With-Protection |
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Limit orders |
Good Till Cancelled |
Cancel former order |
Stop-With-Protection |
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Stop orders |
Fill-or-Kill |
One-cancels-the-other |
Trade At Settlement |
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Stop-limit orders |
Immediate-or-Cancel |
Good Till Date |
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Stop-with-limit orders |
All-or-None |
Fill-and-Kill |
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Stop on Close orders |
On-the-Opening |
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Market If Touched orders |
On-the-Close |
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Spread orders |
Market-On-Open | ||
