Order Cancels Other (OCO) is a type of conditional order in which the execution of one order triggers the cancellation of the other order. The client is required to enter 2 basic orders using any of the allowed order types (Limit, Stop Limit, Training Stop Limit). When one order gets triggered and executed, the other order gets immediately cancelled.
What is an One Cancels Other (OCO) order?
Order Cancels Other (OCO) is a type of conditional order in which the execution of one order triggers the cancellation of the other order....