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What Is IOC in the Share Market?

An IOC, or "Immediate or Cancel" order, is a simple command in the stock market. It tells your broker to do as much of your trade as they can right now. Any portion that can’t be filled instantly gets cancelled immediately.


The beauty of an IOC is that you don’t have to monitor it. The system handles it instantly. Whether you're buying or selling, only the part that finds an immediate match gets executed. The rest is gone, making it perfect when speed is your top priority.

What Is the Need for an IOC Order?

Ever needed to make a trade fast without leaving an order open? That’s exactly what an IOC order is for. It's great for trades that only last a few seconds, and timing is everything.

IOCs are great for big orders because they don't show how big they are, which could change the price. You can do what's available without making a big deal out of it. They help you move quickly in markets that change a lot, and they are a lifesaver for traders who have a lot of open positions at once.

When Is an IOC Order Most Useful?

IOC orders are great when you're busy or the market is unstable. An IOC helps you get the suitable price right away in a market that moves quickly, even when prices change quickly.

If you prefer an automated, hands-off approach, IOC orders are a great fit. They remove the stress of manually tracking open orders. Even with a partial fill, the job is done instantly. This frees you up to focus on your trading strategy instead of micromanaging every single trade.

Features of IOC Order

Partial execution is allowed

Your order doesn't need to be filled completely. Whatever part finds an immediate match gets executed, and the rest is simply cancelled.

Extremely short life span

An IOC order is live for just a moment. If it isn't filled instantly, it vanishes from the system automatically.

Useful in high-speed markets

They are perfect for fast-paced markets. Any delay could mean missing your price, and IOCs prevent that from happening.

Reduces manual tracking

Forget about checking on your order later. The system takes care of it all in a flash, removing any unfilled parts.

Helps manage large trades

They are great for breaking up big trades. You can buy or sell in pieces without sending a single large order that could change the price.

How to Place IOC Orders in the Stock Market?

Use your trading platform

Log into your trading account and pick your stock. Just choose 'IOC' from the order type menu and then enter your quantity and price.

Choose between buy or sell

Decide if you're buying or selling. Double-check that all the order details correctly reflect your intended trade before proceeding.

Set your price limit

You must enter a specific limit price for your trade. IOC orders can't be used as simple market orders, as a price limit is required.

Confirm order placement

Give everything one last look, then hit confirm to submit your IOC order. Your platform will instantly send it to the exchange for execution.

Review execution details

Once submitted, only the matched portion is filled. The rest is cancelled. You can see the final details in your order history.

Conclusion

IOC orders are designed for speed, so you can trade quickly without leaving any loose ends.This lets you concentrate on your strategy, not on babysitting open orders. Even with a partial fill, the transaction is completed instantly.

Learning how to use IOC orders is a great way to make your trading easier and cut down on the need to check on things all the time. With today's easy-to-use platforms, it's easier than ever to place and keep track of these orders.

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Disclaimer :

The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.

The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.

Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.

Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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