What is IOC in Zerodha Kite?

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IOC stands for Immediate or Cancelled Orders in Zerodha Kite. IOC orders allow customers to buy or sell a security as soon as the order is released into the market. If no matching order is found, the order gets auto-cancelled immediately.

IOC orders are designed for immediate execution and are generally used for large quantity orders. The IOC orders can match partially, with other partial order that is unmatched gets auto-cancelled.

For example, you place an IOC order to buy 50 shares of XYZ at Rs 271. If a matching order is found that price for 30 shares, the order immediately gets executed for 30 shares, and the order for the remaining 20 shares gets self-cancelled.


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