Series 3: 6.3.4.5. Fill-and-Kill (FAK)

Taken from our Series 3 Online Guide

6.3.4.5. Fill-and-Kill (FAK)

Fill-and-Kill orders are immediately executed for any quantity at the prevailing market price. If the order cannot be fully filled, the remaining balance is canceled. A minimum quantity can be specified. If the specified minimum quantity cannot be filled, the order is canceled. A fill or kill order may be simulated by using the FAK qualifier and setting the minimum quantity to the full amount of the order.

SUMMARY TABLE

Types of Orders

Price Orders

Time Orders

Cancellation Orders

Electronic Orders

• Market orders

• Limit orders

• Stop orders

• Stop-limit orders

• Stop-with-limit orders

• Stop on Close orders

• Market If Touched orders

• Spread orders

• Switch orders

• Scale orders

• Good For Day

• Good Till Cancelled

• Fill-or-Kill

• Immediate-or-Cancel

• All-or-None

• On-the-Opening

• On-the-Close

• Market-On-Open

• Market-On-Close

• Limit-On-Open

• Straight cancel

• Cancel former order

• One-cancels-the-other

• Market-With-Protection

• Stop-With-Protection

• Trade At Settlement

• Good Till Date

• Fill-and-Kill
+ Read More
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