Thursday, February 18, 2016,
Ashok Niroula
Dear Subscriber,
FIX API Trader v. 1.8.3
We have added ability to prescribe desirable slippage for limit FOK1 and IOC2 orders
1. Fill or kill (FOK) is a type of time-in-force designation used in securities trading that instructs a brokerage to execute a transaction immediately and completely or not at all. This type of order is most likely to be used by active traders and is usually for a large quantity of stock. The order must be filled in its entirety or canceled (killed). The purpose of a fill or kill order is to ensure that a position is entered at a desired price.
2. Immediate Or Cancel Order - IOC. An order to buy or sell a security that if not immediately filled, will be canceled. An IOC order is one of several "duration orders" that investors and traders can use to specify how long the order will remain active in the market and under what conditions the order will be canceled.
Lear more about FIX API Trader: http://fixapitrading.com
Best regards,
Boris Fesenko
skype: borisfes
e.: support@iticsoftware.com
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