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Continuing with the previous example, let's say that three months later, your broker informs you that all 100 shares of JKL Co. are now available for purchase, but the stock price doubled from $ 2 to $ 4. Since you did not cancel this AON order, you are then forced to buy all the 100 shares of
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If you place an AON order requesting 100 shares of JKL Co. at $ 2, your stockbroker will not fill that order unless they can obtain the entire 100 shares at $ 2; if JKL Co. shares are in such high demand that there are only 50 shares available for purchase, then you must wait until the
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that must be executed in its entirety, or not executed at all". Partial execution is not acceptable; the order will execute "only if there are enough shares available in a single transaction to cover it".
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JKL Co. at double the price you intended. Using a limit order in conjunction with the AON order will prevent this from happening.
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the right to cancel an issue in its entirety if the underwriting is not fully subscribed.
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This article is about the finance term. For the physiological principle, see
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entirety of your order, 100 shares, is available for purchase.
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240:"The End of an Era – Say Goodbye to All-Or-None Orders"
171:, Free Online Legal Dictionary, 2nd Ed. 6 October 2012
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145:. U.S. Securities and Exchange Commission
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191:"Extreme Orders for Everyday Investors"
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41:transactions that refers to "an
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165:"What is All-Or-None Order?"
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213:"All or None (AON) Orders"
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68:AON orders are similar to
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328:Initial public offering
169:Black's Law Dictionary
219:. Interactive Brokers
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333:Stock exchange stubs
273:This article about
139:"All-Or-None Order"
113:Immediate or cancel
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107:Fill or kill
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27:All or none
322:Categories
125:References
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101:See also
143:Answers
76:Example
89:Price
63:issuer
277:is a
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43:order
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
