What is a FOK order?

A FOK order combines an all-or-none (AON) specification indicating it must be filled entirely with an immediate-or-cancel (IOC) timeframe. Typical FOK orders last a couple of seconds to minimize disruption to the stock's price and partial fills are not allowed.

What is a fill or kill order (Fok)?

A fill or kill, FOK, order is a type of execution order that can be placed with a brokerage for the buying or selling of a security.

What is a market or limit order (Fok)?

In this context, the market or limit order FOK is treated similarly to an "all or none" order with the exception that it is immediately canceled if not completely filled. On other exchanges, an FOK is executed by filling the order with the number of shares that the first bid or offer makes available.

What are the pros and cons of FOK orders?

Here are some pros and cons of using FOK orders: Certainty of execution: FOK orders provide investors with certainty that their entire order will be filled immediately or not at all. This can be important in volatile markets where prices can move quickly, and investors want to avoid the risk of partial fills leading to unfavorable prices.