Examples of FOK in a sentence
FOK orders must be fully filled immediately or the entire order is cancelled.
An FOK order is created by using the FAK qualifier and setting the minimum quantity to the original order quantity.
If the MBBO is not at the NBBO at the time the FOK order is received or reevaluated after the termination of a liquidity refresh pause or the FOK order is not fully executable against any orders or quotes in the System, the FOK order will be immediately cancelled.
As defined in Rule 516(b)(2), an FOK order is a limit order that is to be executed in its entirety at a single price upon receipt and if not so executed cancelled.
Market participants may designate price protection instructions on an order by order basis for FOK orders in the manner described in paragraph (c)(1) above.
If the Exchange receives an Immediate or Cancel (“IOC”) or a Fill or Kill (“FOK”) order on the same side of the market as the initiating order’s remaining contracts, the System will immediately cancel the IOC and FOK orders unless the IOC or FOK order on the same side of the market as the initiating order locks or crosses the opposite side NBBO, in which case the liquidity refresh pause will be terminated early.
If an FOK order is fully executable against orders and quotes in the System and MIAX is at the NBBO when an FOK order is received or reevaluated after the termination of a liquidity refresh pause by the System, the System will execute the FOK order at the NBBO price or better and if the FOK order could not be executed in full at a single price, the FOK order is cancelled.
Regular orders for the predefined market can be entered with the execution restrictions NON, FOK or IOC.
FOK orders can be matched against multiple existing orders in the order book.
At the time of entry, an FOK order is to be matched immediately AND fully; otherwise the order will be cancelled by the ATS.An FOK order will not be placed in the queue within the order book.