What is IOC in Angel One?

IOC in angel one stands for Immediate or Cancelled. It's the quick cancellation of trades that are not placed properly. It differs from the normal orders. The validity of this order is for one day. Understand more clearly what is ioc in Angel One in 5 minutes.

What is IOC?

Investors can easily buy or sell the share. IOC is known as the duration order. Therefore an investor can set the time limit. So it's in the hands of investors to see for how much time the share remains active in the share market. The cancellation of the order happens immediately if there is no execution of the order. In normal orders, IOC cancellation occurs instantaneously if the share is unavailable.

Use of IOC

IOC is helpful when an investor invests in a large amount of stocks. Because when there are more stocks for the investment the chances of error increase. So the IOC order saves the investor from losing the money.

The nature of the share market is volatile. Also, the price of stock can go up and down anytime. In Angel One, placing an immediate or cancelled order is very easy. It can be easily implemented in the trades. A type of order that saves the time and effort of investors.

Steps To Place IOC Orders

Select Trading Platform: Pick the platform for placing the order. Make sure that the trading platform is easy to use. Also, the credibility of whether it's safe or not. Also check the charges, hidden charges because a lot of money goes in the form of charges to brokers. And some brokers charge very high fees.

Understand Share Market: Any investor whether a beginner or experienced needs to have updates about the stock market. And it's important to have daily knowledge of the stock market.

Choose Stocks: Before investing, analyse the stock performance and history. As it enables the investor to be sure about the stock.

Order Type:  Set the order type to “Immediate or Cancel IOC”.  On some platforms “Fill or Kill (FOK)”. Also, be specific about the buy or sell, enter quantity, and set price. 

Check Order Details:  Before finalising the order check the details of the order. Also check the stock symbol, price, and type of order (IOC).

Confirmation: The trading platform on which the investor is trading will receive confirmation about the order. Therefore an investor can easily check the order details after confirmation.

Also, Check - What is AMC in Mutual Fund

Feature of IOC Order

Quick Trading: Trading happens quickly in IOC order. And also the market understands what type of order the investor is placing.

Accurate Price: With this, the investor gets the accurate price of the share. So that the investor doesn’t pay much for the investment.

Risk Analysis: An investor just needs to set the price level and quantity to do the risk analysis of the stock. This technique works very well for analysing the risk of the stock.

Transparency: Full details of the order are given along with the price. If the market price does not go along with the set price then automatic order cancellation happens.

Advanced Technology: With the implementation of highly advanced technology and algorithms order execution becomes faster.

Limit or Market Order: An investor can set the market limit accordingly. The purchasing and selling of shares can be done easily at market price. In a limit order, there is the setting of the price for the order execution.

Benefits

The following are the benefits of an immediate or cancelled order (IOC): 

Quick Execution: In volatile markets trading happens at a faster rate. In this order, execution takes place quickly.

Partial Execution: Partial execution also happens where profit comes from some shares.

Trading on Current Price: Execution of order takes place on the current market price

Conclusion

Investors who are usually busy with other trading activities can save time by placing IOC orders. So that they can invest their time and money in something productive. Therefore it's beneficial for the investor who has a lot of funds. Works very well in an unstable market. Automatic cancellation protects investor money. I hope what is IOC in Angel One is helpful for you, if you have any questions please comment below.