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2019-11-21

Seed Digital Commodities Market now offering Immediate or Cancel (IOC) functionality for limit orders

 

Definition

Immediate or Cancel (IOC): An order that immediately executes all or partially and cancels any unfilled portion of the order.

For example, an IOC order for BTC/USD is placed at:

  • Quantity: 15
  • Price: $9,000

The order book can only fill 10 at the specified price, so the trade is executed at:

  • Quantity: 10
  • Price: $9,000

And the remaining 5 are cancelled immediately.

 

API Documentation

Can be found here under the Application Messages header.