Fill Or Kill - FOK

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.

Without a fill or kill designation, it might take a prolonged period of time to complete a large order. In reality, however, the fill-or-kill type of trade does not occur very often. Other methods of instructing a brokerage on the time frame in which a trade is to be executed include “immediate or cancel,” which means to fill all or part of the order immediately, then cancel any part that cannot be filled, and “good ‘til canceled,” which keeps an order open until it is able to be filled at a specified price.

Investment dictionary. . 2012.

Look at other dictionaries:

  • Fill or kill — is an instruction to fill an investor s order in its entirety or cancel it, customarily in a few seconds. Fill or kill orders are used by day traders hoping to scalp the markets in short durations.External links*… …   Wikipedia

  • fill-or kill — A customer order that is a price limit order that must be filled immediately or canceled. Chicago Board of Trade glossary …   Financial and business terms

  • fill-and-kill order — ( FAK) At order entry, the order is executed to the extent possible; the remainder (if any) is canceled. Chicago Mercantile Exchange Glossary …   Financial and business terms

  • kill — When a share order is allowed to lapse because the price the investor wanted to buy or sell at couldn t be achieved at the time of the order. * * * kill kill [kɪl] verb [transitive] if someone kills an idea, product etc, they decide to stop… …   Financial and business terms

  • Kill Verona — Infobox musical artist Name = Kill Verona Img capt = Left to right: Rafael Henin, Paul Butterly, George Foster, Wes Lieberher Background = group or band Origin = Philadelphia, Pennsylvania, USA Genre = Rock Years active = 1999 Present Label =… …   Wikipedia

  • kill — 1. verb 1) gangs killed twenty seven people Syn: murder, take/end the life of, assassinate, eliminate, terminate, dispatch, finish off, put to death, execute; slaughter, butcher, massacre, wipe out, annihilate, exterminate, mow down …   Thesaurus of popular words

  • kill — Synonyms and related words: KO, abbreviate, abridge, absorb, adolescent stream, amuse, annihilate, arroyo, asphyxiate, assassinate, bane, beasts of venery, beck, beguile, bereave of life, big game, black out, blood, bloodletting, bloodshed, blot… …   Moby Thesaurus

  • fill full of holes —    to kill by shooting    You may also, if so unfortunate, be filled with lead or with daylight …   How not to say what you mean: A dictionary of euphemisms

  • kill — v 1. slay, murder, assassinate, poison, do to death, liquidate, erase, blot or wipe out, put an end to, get rid of, put away, put out of the way, silence, carry off, remove, dispatch, finish, finish off, do for, fix, settle, lay out, lay low, Inf …   A Note on the Style of the synonym finder

  • Mate. Feed. Kill. Repeat. — Mate. Feed. Kill. Repeat. Demo album by Slipknot Released October 31, 1996 ( …   Wikipedia

  • FAK — fill and kill order (FAK) At order entry, the order is executed to the extent possible; the remainder (if any) is canceled. Chicago Mercantile Exchange Glossary …   Financial and business terms

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