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 |