1.

Which Of The Following Orders Would Be Automatically Canceled If Not Executed Immediately?

Answer»

FILL or Kill (FOK) and Immediate or CANCEL (IOC) ORDERS are types of ORDER which either executed immediately or get cancelled by exchange. TimeInForce (tag 59) in FINANCIAL INFORMATION EXCHANGE (FIX) protocol is used to mark an order as FOK or IOC.

Fill or Kill (FOK) and Immediate or Cancel (IOC) orders are types of order which either executed immediately or get cancelled by exchange. TimeInForce (tag 59) in FINANCIAL INFORMATION EXCHANGE (FIX) protocol is used to mark an order as FOK or IOC.



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