AON
             All or None Order

AON or All or None Order is an attribute attached to a buy or sell order.

After you create your 'Trading Action Plan', based on your own technical or fundamental research, next step you are going to take is, placing your order with your broker. Before you can start buying and selling stocks, you must know the different types of orders. You must be aware as to which order is appropriate and its implications.

What is All or None Order(AON)?

AON Order is a conditional request made to the broker (or the system) to buy or sell a required number of shares at particular price, only if full quantity of shares are available.

The order has to be filled completely or not at all.

All or none order will be executed only if the complete number of shares are available at a requested price. If all the requested number of shares are not available then that order will not be executed.

When to use All or None Order?

You choose AON order when you want to buy or sell a particular number of shares, otherwise you do not want to buy or sell at all. You do not want to trade lesser quantity than required.

This type of order is beneficial especially when you are buying penny stocks or low volume stocks. The brokers will charge you a minimum of commission, for the purchase or sale of X number of shares or less. In that case, if only a small number of shares are bought or sold, you will have to pay full commission for a very few shares that you have traded.

If the order is not executed, it has to be placed again on the next day.

Compare this AON order with Fill or Kill order and other types of orders. 

  • GTC Order
    It is a conditional request made to the broker (or the system) to keep the order in system until it gets executed or canceled.
  • GTD Order
    It is a conditional request made to the broker (or the system) to keep the order in system until it gets executed or till a predetermined date.
  • IOC Order
    Immediate or Cancel is a conditional request made to the broker (or the system) to execute the transactions immediately or to cancel it.
  • Limit Order
    Limit Trading Order is a conditional request made to the broker (or the system) to buy or sell a stock at a particular price or at a better price.
  • Market Order
    Order to buy or sell at market is a conditional request made to the broker (or the system) to execute the transactions with the immediate best available price.
  • Stop Loss Order
    Order at stop is a conditional request made to the broker (or the system) to execute the transactions with the immediate best available price, once the price crosses a predetermined trigger price.
  • Stop Limit Order
    Order at stop limit is a conditional request made to the broker (or the system) to execute the transactions with the immediate best available price, once the price crosses a predetermined trigger price but with in a predetermined limit price.
  • Minimum Fill Order
    This is a conditional request made to the broker (or the system) to execute the transactions only when a minimum number of shares are available.
  • One Cancels Other Order
    This is a conditional request made to the broker (or the system) to execute one of the two orders, which ever meets the required parameter first, and cancel the other order.
  • Market on Close Order
    This is a conditional request made to the broker (or the system) to buy or sell a stock at the closing price.
  • Limit on Close Order
    This is a conditional request made to the broker (or the system) to buy or sell a stock at the closing price but with in a limit price.
  • Market on Open Order
    This is a conditional request made to the broker (or the system) to buy or sell a stock at what ever the market opening price.
  • Limit on Open Order
    This is a conditional request made to the broker (or the system) to buy or sell a stock at what ever the market opening price but with in a predetermined limit price.
  • Market If Touched Order
    This is a conditional request made to the broker (or the system) to buy or sell a stock at what ever the market price only after the stock trades at particular predetermined price.
  • Iceberg Order
    This is a conditional request made to the broker (or the system) to buy or sell a large required quantity of stock, but in smaller predetermined quantity.
  • Fill or Kill Order
    This is a conditional request made to the broker (or the system) to execute the transactions only if the full quantity of shares are available, or else to cancel the order.





Click here to go back from AON Order to Types of Stock Trading Orders


Click here to go back to Stock Trading Infocentre Home page.
















New! Comments

Have your say about what you just read! Leave me a comment in the box below.

About Us

Your Compliments are here

Stock Trading Infocentre Book Store

Tomorrow's market is not just unknown,
it is unknowable.

It is easy to become rich in Stock Market.
It is much more easier to go broke.

The stock market is forever evolving
it is Dynamic.
Because of its complexity,
a stock trader is Always a Student,
Never a Master.