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What is IOC in 5paisa?

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When placing buy/sell order with 5paisa, customers can choose one of the 3 validity, Day, IOC and VDT (Valid Till Date).

IOC in 5paisa is an abbreviation for 'Immediate or Cancelled' order type. It means an order placed has to be executed immediately if the set price is available or it is canceled. A part of the IOC order can be executed with the unmatched part getting canceled.

 

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