The video discusses order duration and matching conditions, including Day, FOK, IOC, and Iceberg. TFEX documents use specific terms for the market’s order types, while a broker’s app may use different labels. Check the rule and label used by the account you trade with.
Order terms in TFEX documents
- Day: the order is valid during the trading day. Any unfilled quantity expires at the end of the trading day under the market’s conditions.
- FOK (Fill or Kill): the full specified quantity must be matched immediately; otherwise the entire order is canceled.
- FAK (Fill and Kill): the quantity that can be matched immediately is filled, and the remainder is canceled.
- Date / Cancel: an order may remain active through a selected date or until the sender cancels it, subject to the order type and trading session supported.
- Iceberg: a large order is divided into smaller portions that are submitted according to the market’s conditions.
IOC in the video and FAK in TFEX documents
The video uses “IOC” for an order that fills the available portion immediately and cancels the remainder. The cited TFEX order-type document uses “FAK” for that behavior. Do not assume that every broker screen uses the same name or conditions. Check the account’s guide and order-entry screen, especially how any remainder is handled and when the order may be submitted.
These order types describe how an order is submitted, matched, or kept active. They do not remove price risk or guarantee a target price or a desired exit. This article does not recommend an order type or a strategy for a live position.
TFEX references
- TFEX order types and duration
- TFEX Iceberg and order requirements
- TFEX Day, Date, and Cancel conditions
This article is for general education, not investment advice. Order handling depends on current market rules and the broker’s platform.