Question

A fillorkill order will be A. will be cancelled at the end of the trading day if not executed by that time. B. executed immediately upon order arrival on the floor of the exchange. C. in effect until cancelled by the customer who placed the order. D. will be cancelled if not immediately executed at the stated price or better.

Answer 1

Answer:

D) will be cancelled if not immediately executed at the stated price or better.

Explanation:

A Fill-Or-Kill order can be regarded as

an order that is been made in order

to buy/sell a stock and it must be executed in entirety and immediately. If not executed immediately the order might be cancelled since partial Execution is not part of the process of Fill-Or-Kill order. It should be noted that A fillorkill order will be cancelled if not immediately executed at the stated price or better.