Different Types of Orders in Stock Market based on quantity

Orders can be classified as following based on quantity conditions.

Disclosed Quantity (DQ):  DQ order allows a buyer/seller to disclose only a portion of the total quantity they want to buy/sell to the market. For example, if the total quantity is 50,000 and disclosed quantity is 10,000 then only 10,000 is disclosed to the market. Once this quantity gets executed then another 10,000 will be disclosed. DQ order is to stop fluctuations in the market price because of a large quantity order.

Fill-or-kill:  In a fill-or-kill order the total quantity of order should be executed immediately and fully. Partial order execution is not allowed. If the order doesn’t match an opposite order for the full quantity mentioned the order will be cancelled.

All-or-None: It is similar to fill-or-kill order but in all-or-none there is a time constraint (for example, a day). It need not be executed immediately.

 

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July 27, 2008 | Filed Under Stocks 

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