Additional Orders: Rapid Fire

What this video covers

• Why unmarked orders default to day orders on electronic markets, and what condition must be present for an order to survive past the closing bell as Good Till Canceled (GTC)
• How Fill-or-Kill (FOK) bundles two demands, immediate and complete, and why this separates it from every other fill-urgency order type
• The exact difference between Immediate-or-Cancel (IOC), also called fill-and-kill (FAK), which permits partial fills, and All-or-None (AON), which can rest and wait for full size
• Why Market on Close (MOC) guarantees participation in the close but never guarantees the official settlement price, since it remains fundamentally a market order
• How One Cancels the Other (OCO) links two orders into a bracket, and why a fill on either leg automatically cancels the other with zero manual action required
• The most common exam traps that bait students into confusing partial fills, resting behavior, and automatic cancellation mechanics across order types
• How to decode any order type question by asking: how long does it live, how completely must it fill, and what contingency governs its execution