noun General Slang

IOC

· noun · finance

Immediate-or-cancel — fill whatever you can right now, kill the rest.

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Definitions

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Order condition allowing partial fills, but only on the spot. Whatever can execute immediately does; anything that can't is cancelled rather than resting on the book. Algos lean on IOCs for sweeping liquidity across venues without leaving footprints.

“The smart router fires IOCs at every venue and just cleans up whatever's there.”
by community
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IOC In A Sentence

The smart router fires IOCs at every venue and just cleans up whatever's there.

Origin & Usage

Variants immediate-or-cancelimmediate or cancel
Tags #finance#wall-street#order-types#trading

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