Fill or Kill Order

A Fill or Kill Order is used on the stock market by a trader to indicate to a broker to complete an operation by buying or selling a certain asset at a specified moment in time. If the command isn’t fulfilled with the indicated requirements, it will be automatically killed (cancelled). In sending this documented request to execute the order or to cancel it, the trader indicates the price range of the asset, the time when the position should be closed, the amount of the traded asset and more.