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All-Or-None Order

All-Or-None Order

An All-Or-None (AON) order is an order to buy or sell a stock that must be executed in its entirety, or not executed at all.  AON orders that cannot be executed immediately remain active until they are executed or cancelled.

To understand where and how an order you place with your broker is executed, you should read Trade Execution: What Every Investor Should Know.  For more information on the different types of orders you can place when you buy or sell a stock, please read our investor bulletin “Trading Basics”.

 

We have provided this information as a service to investors.  It is neither a legal interpretation nor a statement of SEC policy.  If you have questions concerning the meaning or application of a particular law or rule, please consult with an attorney who specializes in securities law.