SIE practice questionmediumOrder Types - Fill-or-Kill
A fill-or-kill (FOK) order instructs a broker to:
- AWait until a specific price is reached
- BExecute at the end of the trading day
- CFill as much as possible and cancel the rest
- DExecute immediately in its entirety or cancel it✓ Correct answer
Explanation
Why D — Execute immediately in its entirety or cancel it
FOK means fill all shares immediately or cancel. End of day, partial fills, or price triggers are different order types.
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