区块链芝士 | All or None Order (AON)-零点财经

区块链芝士 | All or None Order (AON)

taotao 快讯 2021年3月22日
2.76K 0

An All or None order, often abbreviated to AON is an order made on a financial exchange to buy or sell a volume of assets for a set price. However, unlike other order types such as a market order or limit order, an All or None order is placed with a specific instruction as to how that order should be filled.

As the name suggests, an AON order, once placed, must either be filled in its entirety or not at all. This prevents any partial filling of orders and gives the buyer or seller the confidence of the fixed execution price for the entire volume.

This type of orders can be used, for instance, in algorithmic trading as a way to gauge the directional trend of a market and to prevent partial fill situations, which may happen when a market presents high levels of volatility with low volumes, such as during a flash crash type event.

本文由 零点财经 作者：tao 发表，其版权均为 零点财经 所有，文章内容系作者个人观点，不代表 零点财经 对观点赞同或支持。如需转载，请注明文章来源。
分享生成图片
♥赞55

相关文章

发表回复

区块链芝士 | All or None Order (AON)

2021-03-22 9:59:26

An All or None order, often abbreviated to AON is an order made on a financial exchange to buy or sell a volume of assets for a set price. However, unlike other order types such as a market order or limit order, an All or None order is placed with a specific instruction as to how that order should be filled.

As the name suggests, an AON order, once placed, must either be filled in its entirety or not at all. This prevents any partial filling of orders and gives the buyer or seller the confidence of the fixed execution price for the entire volume.

This type of orders can be used, for instance, in algorithmic trading as a way to gauge the directional trend of a market and to prevent partial fill situations, which may happen when a market presents high levels of volatility with low volumes, such as during a flash crash type event.