Fill Or Kill Order (FOK) Definition
A Fill Or Kill Order (FOK) is a type of trading order that requires the entire order to be filled immediately, or if this is not possible, the entire order is cancelled. This type of order is often used in the cryptocurrency market to ensure that a large order is completely filled at a specific price.
Fill Or Kill Order (FOK) Key Points
- A Fill Or Kill Order (FOK) is a type of trading order that mandates the immediate execution of the entire order or its cancellation if immediate execution is not possible.
- FOK orders are often used in the cryptocurrency market, especially for large orders.
- The purpose of a FOK order is to ensure that a large order is completely filled at a specific price.
- FOK orders are a type of time-in-force order, which means they are only valid for a certain period of time.
What is a Fill Or Kill Order (FOK)?
A Fill Or Kill Order (FOK) is a type of trading order that is used in various financial markets, including the cryptocurrency market. This type of order requires that the entire order be filled immediately. If this is not possible, the entire order is cancelled. This is different from other types of orders, such as limit orders or market orders, which can be partially filled.
Why is a Fill Or Kill Order (FOK) used?
A FOK order is used when a trader wants to ensure that a large order is completely filled at a specific price. This is particularly useful in the cryptocurrency market, where prices can be highly volatile. By using a FOK order, a trader can avoid the risk of only part of the order being filled, which could result in the remaining part of the order being filled at a less favorable price.
When is a Fill Or Kill Order (FOK) used?
A FOK order is used when a trader wants to buy or sell a large amount of a specific cryptocurrency at a specific price. This type of order is often used when the trader believes that the price of the cryptocurrency will move in a certain direction and wants to take advantage of this movement.
Where can a Fill Or Kill Order (FOK) be placed?
A FOK order can be placed on any trading platform that supports this type of order. This includes most cryptocurrency exchanges, as well as other types of financial trading platforms.
How does a Fill Or Kill Order (FOK) work?
When a trader places a FOK order, the trading platform will attempt to fill the entire order immediately. If the order cannot be completely filled, the entire order is cancelled. This ensures that the trader does not end up with only part of the order being filled at the desired price.
