Q&A

1. What is the definition of the options under “Time in Force” for Limit Order?

• Good Till Canceled (GTC)
  A limit order that stays in the book until it is canceled.
• Immediate or Cancel (IOC)
  A limit order that must execute as much as possible immediately then cancel the remaining.
• Fill or Kill (FOK)
  A limit order that must execute entire quantity immediately or cancel the entire order.