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Interactive Options Course
Lesson 12 of 21
In this video we will walk through how to enter an order using the All-or-None attribute. An All-or-None order that works on US stocks and options and must be executed in its entirety or not executed at all. If an order is not executed immediately, it will remain active until it is cancelled or filled. In other words, you may want to sell 1,000 shares at a limit price but not experience a partial fill. Adding the All-or-None attribute seeks to achieve that binary outcome.
You may want to use an All-or-None order if you are not time sensitive on the fill but want to have either your entire ordered filled or nothing filled, hence the name All-or-None.
An All-or-None order can be placed in Mosaic three separate ways.
The second method is to change an existing order to an All-or-None through the orders tab in the activity panel.
If it is not displayed already, you can add the All or None data column to the order tab in the activity panel by clicking on the gear icon in the upper right-hand corner. Once the All-or-None data column is activated in the order tab, you can check on and off to activate or deactivate the All-Or-None feature for an order that has already been placed.
The third way is to right-click on a symbol on the portfolio tab or a watchlist.
From the pop-up menu scroll down to trade and select Order Ticket. Adjust the size, order type, and price to the desired settings. Locate the Miscellaneous area. Check the All or None input field. When ready to submit the order, click transmit.
The All-or -None attribute is extremely useful when you want to further tailor your trade to either fill completely or not at all. Depending upon the chosen time-in-force, the order will not be cancelled until you filled or else you cancel it.
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The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Interactive Brokers, its affiliates, or its employees.
The order types available through Interactive Brokers LLC's Trader Workstation are designed to help you limit your loss and/or lock in a profit. Market conditions and other factors may affect execution. In general, orders guarantee a fill or guarantee a price, but not both. In extreme market conditions, an order may either be executed at a different price than anticipated or may not be filled in the marketplace.
Is there a way to preset enable AON for all my orders?
Hello, thank you for asking. You can view which Order Types can be configured as a preset based on the asset class in TWS. After logging in, navigate to Global Configuration> Presets. Then click on the asset class or select the ticker that you would like to create the preset for. Here you can view the Order Types available to preset the order to based on the asset. We hope this helps!