Fill or Kill
Fill or Kill (FOK) is an order type used in financial markets that requires a broker to fill the order immediately in its entirety or not at all. This type of order is used when an investor wants to ensure that their order is filled at a specific price or better. If the order cannot be filled at the specified price, it is immediately canceled. FOK orders are typically used by investors who want to take advantage of a specific market opportunity and need to act quickly.
History of Fill or Kill
The Fill or Kill order type has been around since the early days of financial markets. It was first used in the stock market in the late 19th century and has since become a popular order type for traders and investors. The order type was designed to give investors the ability to quickly take advantage of market opportunities without having to worry about their order being partially filled at an unfavorable price.
Comparison of Fill or Kill vs Other Order Types
| Order Type | Description |
|---|---|
| Fill or Kill | Order must be filled immediately in its entirety or not at all. |
| Market Order | Order is filled at the best available price. |
| Limit Order | Order is filled at a specified price or better. |
| Stop Order | Order is filled when the market reaches a specified price. |
Summary
Fill or Kill orders are a type of order used in financial markets that require a broker to fill the order immediately in its entirety or not at all. This type of order is used when an investor wants to ensure that their order is filled at a specific price or better. For more information about Fill or Kill orders, investors can visit websites such as Investopedia, The Balance, and Investing.com.
See Also
- Market Order
- Limit Order
- Stop Order
- Day Order
- Good Till Cancelled Order
- Immediate or Cancel Order
- All or None Order
- Fill and Kill Order
- On Close Order
- On Open Order
