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One Cancels the Other order. Also infrequently called Order Cancels Order.

A pair of orders stipulating that if one order is executed, then the other order is automatically canceled. A one-cancels-the-other order (OCO) combines a stop order with a limit order on an automated trading platform. When either the stop or limit level is reached and the order executed, the other order will be automatically canceled. Seasoned traders use OCO orders to mitigate risk.

Read more: One-Cancels-the-Other Order (OCO) Definition | Investopedia http://www.investopedia.com/terms/o/...#ixzz3vbtycHMt

Created by  steve2222 , December 28th, 2015 at 05:32 AM
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