OCO (order-cancels-other) GLOBEX and open outcry

OCO (order-cancels-other) GLOBEX and open outcry
An order that includes two orders, one of which cancels the other when filled. Also referred to as order-cancels-order. Chicago Mercantile Exchange Glossary

Financial and business terms. 2012.

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  • GLOBEX Order Types — Unless the customer and broker agree otherwise, it will be presumed that all orders of a type other than those listed below are to be executed by open outcry rather than on the GLOBEX System. The following order types are eligible to be entered… …   Financial and business terms

  • CME Globex Order Types — Unless the customer and broker agree otherwise, it will be presumed that all orders of a type other than those listed below are to be executed by open outcry rather than on the CME Globex System. The following order types are eligible to be… …   Financial and business terms

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