One Cancels Other Order
Where the execution of one order automatically cancels a previous order also referred to as OCO or 'One cancels the other'.
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One Cancels Other Order (O.C.O. Order) - An order that through its execution cancels the other part of the same order.
One Cancels Other Order (O.C.O. Order) - A contingent order where the execution of one part of the order automatically cancels the other part.
One Cancels Other: An order type that consists of two orders. If one is executed the other related order is automatically cancelled.
One Cancels Other (O.C.O.) order
One-cancels-other orders really consist of two orders. If either of the orders is executed because its market conditions have been met, the related order is automatically cancelled.
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OCO (One Cancels Other): You place two orders to occur at some point in the future on the same stock. When one of the orders is executed, the remaining order is cancelled. This type of order is not used with Best Choice.
o One Cancels Other® (OCO) A qualifier used when multiple orders are entered and the execution of one order cancels a second or alternate order.
‘OCO' stands for ‘one cancels other' - and this is a when two orders are placed into the market at the same time, normally a ‘take profit order' and a ‘stop-loss order'.
Both the stop loss and limit order on this particular platform are known as One Cancels Other or OCO orders which means that if your stop loss or limit price is hit, ...
 See also: Trading, Order, Market, Trader, Risk
  
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