SIE practice questionmediumOrder Types
A customer places an all-or-none buy order for 500 shares at $30. The market has 200 shares available at $30 and 300 at $30.05. What occurs?
- AOnly 200 shares at $30 are executed.
- B200 shares are executed at $30 and 300 at $30.05.
- CThe order is not executed until all 500 shares can be bought at $30 or lower.✓ Correct answer
- DThe order is canceled immediately.
Explanation
Why C — The order is not executed until all 500 shares can be bought at $30 or lower.
All-or-none orders require the entire quantity at the specified price or better. Partial execution is not allowed; execution waits until all shares are available at $30 or less.
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