What is a fill or kill order?

What is a fill or kill order?

Immediate Full Execution in Cryptocurrency Trading

A Fill or Kill (FOK) order is a time-in-force instruction that must be filled immediately and in full at the specified price, or better, or it is cancelled. It does not allow partial fills.

Some traders use fill or kill orders when they want an order to execute immediately and in full, without partial fills.
 

Pros
  • Requires full execution at the specified price, or better, or the order is cancelled.
  • Prevents the order from remaining in the order book if it cannot be filled immediately in full.
     
Cons
  • May result in no fill if there is not enough liquidity to execute the full order size immediately at the specified price.
How do I place a fill or kill order on Ndax?

Desktop

  • Log in to Ndax and open the TRADE screen.
  • Select your CRYPTOCURRENCY/CAD pair using the grey arrow in the upper-left area of the trade screen.
  • Click BUY (green) or SELL (red).
  • Open the advanced order type dropdown (grey arrow) and select Fill or Kill (FOK).
  • Enter Order size.
  • Enter Limit offset.
  • Click Place buy/sell order.
     

Mobile Website

  • Log in to Ndax.
  • Tap the Ndax logo (top-left), then select TRADE from the dropdown menu.
  • Select your CRYPTOCURRENCY/CAD pair using the grey arrow.
  • Tap BUY (green) or SELL (red).
  • Open the advanced order type dropdown (grey arrow) and select Fill or Kill (FOK).
  • Enter Order size.
  • Enter Limit offset.
  • Tap Place buy/sell order.
     

To learn more about Fill or Kill Orders, check out our blog:
Advanced Trading: Bitcoin Fill or Kill Orders