The Lab

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Colloquial NameDescriptionTimeInForcePartial Fills?
Immediate or CancelThe Order must be executed immediately, at least in part (Partial fills are allowed), otherwise the Order is cancelled. AKA 'Fill and Kill'.
IOCYES
Fill Or KillThe Order must be executed immediately, in full (no Partial fills), otherwise the Order is cancelled.FOKNO
DayThe Order expires automatically on close of the trading day, if it is still unfilled.DAYYES
Good 'Til CanceledThe Order remains active until it is either executed or cancelled. NOTE: Maximum possible duration is one trading week, but is equivalent to DAY for most Venues that reset daily.GTCYES
Good 'Til DateOrder is active until a specified time. TWAP?GTDYES
Good For TimeOrder is active for a specified duration. TWAP?GFTYES
At Market Opening
OPN*


Order Types

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