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| OCO - One Cancels the Other Order |
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| Written by Al Parsai | |
| Wednesday, 22 April 2009 | |
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OCO or One-Cancels-the-Other is a type of order that consists of two pending orders initially. The trader places two pending orders which one of them is usually in the long/buy direction and the other one in the short/direction. As soon as one of the orders is filled the other order is cancelled automatically. In other words only one of the trades becomes active.
Relevant Articles: OCO Visual
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| Last Updated ( Wednesday, 06 May 2009 ) |
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