all or none order

all or none order
( AON)
Used in context of general equities. A limited price order that is to be executed in its entirety or not at all (no partial transaction), and thus is testing the strength/conviction of the counterparty. Unlike an FOK order, an AON order is not to be treated as cancelled if not executed as soon as it is represented in the trading crowd, but instead remains alive until executed or cancelled. The making of " all or none" bids or offers in stocks is prohibited, and the making of " all or none" bids or offers in bonds is subject to the restrictions of Rule 61. AON orders are not shown on the specialist's book because they cannot be traded in pieces. Antithesis of any-part-of order. Bloomberg Financial Dictionary
See: FOK order. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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  • all-or-none order — ( AON) Used in context of general equities. A limited price order that is to be executed in its entirety or not at all (no partial transaction), and thus is testing the strength/conviction of the counterparty. Unlike an FOK order, an AON order is …   Financial and business terms

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  • All Or None - AON — A condition used on a buy or sell order to instruct the broker to fill the order completely or not at all. If there is insufficient supply to meet the quantity requested by the order then it is canceled at the close of the market. For example, if …   Investment dictionary

  • All or none — Requirement that none of an order be executed unless all of it can be executed at the specified price. The New York Times Financial Glossary …   Financial and business terms

  • all or none — /ˌɔ:l ɔ: nʌn/ noun a buying order which stipulates that the whole order has to be bought at a certain price and no parts of the order can be executed separately. Abbreviation AON …   Dictionary of banking and finance

  • All or none —   A contract condition that the full amount of an order to buy (or sell) securities be executed at an agreed price. A lesser amount is not acceptable …   International financial encyclopaedia

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