You place a time limitation on a stock trade order by selecting one of the following time-in-force types:
Day
A time-in-force limitation on the execution of an order. This limitation has a default order expiration time of 4:00 p.m. ET. You may select your own order expiration time between 10:00 a.m. ET and 4:00 p.m. ET in thirty minute increments (i.e., 10:00 a.m., 10:30 a.m., 11:00 a.m., etc). If all or part of your order is not executed by the time you’ve selected for expiration, your order will be canceled. You may view the status of your order, including order expiration date and/or time, on the Orders page.
Good 'til canceled
A time-in-force limitation that can be placed on a stock or ETF order. This limitation has a default order expiration date of 180 calendar days from the order entry date at 4:00 p.m. ET. You may select your own order expiration date and/or time, up to 180 calendar days from the order entry date. If all or part of your order is not executed by the date and/or time you've selected for expiration, any open portions of your order will be canceled. You may view the status of your order, including order expiration date and/or time on the Orders page.
Fill or kill
A time-in-force limitation that can be placed on the execution of an order. This limitation requires that the order is immediately completed in its entirety or canceled.
Orders with the fill or kill limitation:
- are for 100 shares or more
- are only placed during market hours
- are good only for the current day
- are not allowed for use with stop loss, stop limit, or sell short orders
Note: Fill or kill is only used under very special circ*mstances. If you do not fully understand how to use fill or kill, talk to a Fidelity representative before placing this limitation of an order.
Immediate or cancel
A time-in-force limitation that can be placed on the execution of an order. This limitation requires that a broker immediately enter a bid or offer at a limit price you specify. All or a portion of the order can be executed. Any portion of the order not immediately completed is canceled.
On the open
A time-in-force limitation that can be placed on an order. This limitation requires that the order is executed as close as possible to the opening price for a security. All or any part of the order that cannot be executed at the opening price is canceled.
On the close
A time-in-force limitation that can be placed on the execution of an order. This limitation requires that the order is executed as close as possible to the closing price for a security. All or any part of the order that cannot be executed at the closing price is canceled.
Additional order instructions can be entered on certain orders.
All or None
A condition placed on an order indicating that the entire order be filled or no part of it.
Do Not Reduce
A condition on a Good 'til Canceled Limit order to buy or a stop order to sell a security. This condition prevents the order limit or stop price from being reduced by the amount of the dividend when a stock goes ex-dividend or the stock's price is reduced due to a split.
All or None/Do Not Reduce
An order with a condition indicating that the entire order be filled or no part of it, as well as a condition on a limit order to buy or a stop order to sell a security. This condition prevents the order limit or stop price from being reduced by the amount of the dividend when a stock goes ex-dividend or the stock's price is reduced due to a split. Only allowed on Good 'til Canceled orders.
Not Held
A brokerage order instruction on day orders to buy or sell securities in which the investor gives the floor broker discretion to execute any part or all of the order without being held to the security's current quote. Not Held orders are usually used on large blocks of securities when a purchase or sale cannot be executed as a single trade. An instruction to put a Not Held discretion on an order must be called in to a trading representative.
