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Immediate-or-Cancel (IOC) Order Explained

  The immediate or cancel order is an order type with instructions to fill the order immediately and any part that isn’t will be canceled. Immediate-or-cancel orders instruct your broker to fill your order immediately or cancel the order. It’s a liquidity-removing order duration preference similar to the “fill-or-kill order,” the only difference being that the IOC allows for partial fills.  Your order will be canceled within...