Series 3: 6.3.4.5. Fill-and-Kill (FAK)

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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.

SUMMARY

Order Placement

Price Orders

Time Orders

Cancellation Orders

Electronic Orders

Market orders

Good For Day

Straight cancel

Market-With-Protection

Limit orders

Good Till Cancelled

Cancel former order

Stop-With-Protection

Stop orders

Fill-or-Kill

One-cancels-the-other

Trade At Settlement

Stop-limit orders

Immediate-or-Cancel

Good Till Date

Stop-with-limit orders

All-or-None

Fill-and-Kill

Stop on Close orders

On-the-Opening

Market If Touched orders

On-the-Close

Spread orders

Market-On-Open

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