What is the meaning of immediate or cancel in the world of digital currencies and how does it affect trading strategies?

3 answers

• nass179Jan 24, 2024 · a year ago
  Immediate or cancel (IOC) is a type of order in the world of digital currencies where the order is executed immediately and any unfilled portion of the order is canceled. It means that if the entire order cannot be filled immediately, the remaining portion is canceled and not placed on the order book. This can affect trading strategies as it allows traders to quickly enter or exit positions, taking advantage of short-term price movements. Traders who want to minimize their exposure to the market or capitalize on immediate opportunities often use IOC orders.
  563

  282
• Moniruzzaman ShamimApr 24, 2022 · 3 years ago
  Immediate or cancel (IOC) is a term used in digital currency trading to describe an order that must be executed immediately or canceled. When a trader places an IOC order, the exchange will attempt to fill the order as soon as possible. If the entire order cannot be filled immediately, the exchange will cancel the remaining portion. This can impact trading strategies by allowing traders to take advantage of short-term price movements and quickly enter or exit positions. IOC orders are particularly useful for traders who want to minimize their exposure to market volatility or capitalize on immediate trading opportunities.
  628

  210
• csascriptJun 12, 2020 · 5 years ago
  Immediate or cancel (IOC) is a concept in the world of digital currencies where an order is either executed immediately or canceled. It is a type of order that ensures quick execution and does not leave any unfilled portion on the order book. IOC orders can affect trading strategies by allowing traders to react swiftly to market conditions and take advantage of short-term price movements. For example, if a trader wants to buy or sell a digital currency at a specific price and is not concerned about partially filling the order, they can place an IOC order. This type of order is commonly used by traders who want to execute trades quickly and efficiently.
  660

  165