All-or-None Order Definition

An all-or-none (AON) order is a trade order that must be executed in its entirety or not at all.

What is an All-or-None Order?

AON orders are used by traders who want to avoid partial fills. While this ensures full execution, it may reduce the likelihood of the order being filled.

These orders are commonly used for large trades where partial execution is undesirable.

Understanding order types like AON helps traders manage execution risk.

Example of All-or-None Order

A trader places an AON order to buy 2,000 shares, which will only execute if all 2,000 shares are available at the specified price.

More A terms

Account Balance

The account balance is the total amount of funds available in a trading account, including cash, profits, and losses, at a specific point in time.

Account Statement

An account statement is a detailed report that summarizes all trading activity, balances, and transactions over a specific period.

Accrued Interest

Accrued interest is the interest that has accumulated on a financial instrument but has not yet been paid.

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