AON
All or None Order

Placing order with your broker, is the first step you take, after you create your 'Trading Action Plan', based on your own technical or fundamental research.

It is a conditional request made to the broker (or the system) to buy or sell a required number of shares at particular price. The order has to be filled completely or not at all.

This 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.

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

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

Compare this order with Fill or Kill order.

Compare this with other type of orders:

• GTC Order
• GTD Order
• IOC Order
• Limit Order
• Market Order
• Stop Loss Order
• Stop Limit Order
• Minimum Fill Order
• One Cancels Other Order
• Market on Close Order
• Limit on Close Order
• Market on Open Order
• Limit on Open Order
• Market If Touched Order
• Iceberg Order
• Fill or Kill Order

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