Trading & MarketsQuestion 101 of 125
An 'all-or-none' (AON) order instructs that:
a.The entire order must be filled, though not necessarily immediately or in one transaction
b.The order must be filled immediately or canceled
c.Partial fills are always acceptable
d.The order executes only at the close
Explanation
An all-or-none order requires that the full quantity be executed, but unlike fill-or-kill it does not demand immediate execution and can be worked over time. If the full size cannot ultimately be filled, none of it is executed.
Practice all 125 questions free — no signup required.
Related questions on this topic
- The National Best Bid and Offer (NBBO) represents:
- When an investor sells stock short, the shares delivered to the buyer are:
- A stock dividend (as opposed to a cash dividend) results in:
- The role of a transfer agent for a corporation includes:
- When a bond is quoted at '98', the price the investor pays (excluding accrued interest) on a $1,000 par bond is:
- A buy stop order is typically used by:
Last reviewed: · editorial process
PrepPass Editorial Team · Verified against FINRA Series 7 General Securities Representative Exam · How we review