All or None Order (AON) Definition
An All or None Order (AON) is a type of order that a trader places in the cryptocurrency market, specifying that the order should only be executed if all the units in the order can be filled. If not all units can be filled, the order remains open until it can be completed in its entirety.
All or None Order (AON) Key Points
- An AON order is an instruction given by a trader to a broker to either buy or sell a complete order or none at all.
- This type of order is used to ensure that a specific quantity of a cryptocurrency is traded.
- If the full quantity of the order cannot be fulfilled, the order will not be executed and will remain open until it can be completed.
- AON orders can be useful for large orders where partial fulfillment could impact the price of the cryptocurrency.
What is an All or None Order (AON)?
An All or None Order (AON) is a type of order used in trading, including in the cryptocurrency market. It is an instruction given by a trader to a broker to either buy or sell a complete order or none at all. This means that if the full quantity of the order cannot be fulfilled, the order will not be executed and will remain open until it can be completed.
Why is an All or None Order (AON) used?
Traders use AON orders to ensure that a specific quantity of a cryptocurrency is traded. This can be particularly useful for large orders where partial fulfillment could impact the price of the cryptocurrency. For example, if a trader wants to buy 1,000 units of a particular cryptocurrency, but only 900 units are available at the desired price, an AON order would prevent the order from being partially filled and potentially driving up the price for the remaining 100 units.
When is an All or None Order (AON) used?
An AON order is used when a trader wants to ensure that a specific quantity of a cryptocurrency is traded. This can be when the trader believes that partial fulfillment of the order could negatively impact the price of the cryptocurrency, or when the trader has a specific investment strategy that requires the purchase or sale of a specific quantity of a cryptocurrency.
Where is an All or None Order (AON) used?
AON orders are used in various trading platforms and exchanges that deal with cryptocurrencies. These platforms allow traders to place different types of orders, including AON orders, to suit their trading strategies.
How does an All or None Order (AON) work?
When a trader places an AON order, they specify the quantity of the cryptocurrency they want to buy or sell. The order is then placed on the exchange, and it will only be executed if the full quantity of the order can be fulfilled. If the full quantity cannot be fulfilled, the order will not be executed and will remain open until it can be completed. This ensures that the trader gets the exact quantity of the cryptocurrency they want, without having to worry about partial fulfillment of the order.
