What are the differences between Aon order and other order types in the cryptocurrency market?

3 answers

• Dec 17, 2021 · 3 years ago
  Aon orders, also known as All or None orders, are a type of order in the cryptocurrency market that must be executed in its entirety or not at all. This means that if the order cannot be filled completely, it will be canceled. On the other hand, other order types, such as market orders and limit orders, can be partially filled if there is not enough liquidity in the market. Aon orders are often used by traders who want to ensure that their orders are executed in full, rather than being filled partially. They are particularly useful when trading large volumes of cryptocurrencies.
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• Dec 17, 2021 · 3 years ago
  When it comes to execution, Aon orders prioritize completeness over speed. This means that the order will only be executed if it can be filled entirely, which may result in a longer execution time compared to other order types. However, this ensures that the trader's desired quantity is obtained without any partial fills. In terms of pricing, Aon orders do not have any specific pricing requirements. They can be executed at the prevailing market price or at a specified limit price, depending on the trader's preference. As for functionality, Aon orders are available on most cryptocurrency exchanges and can be placed through the exchange's trading interface or API.
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• Dec 17, 2021 · 3 years ago
  At BYDFi, we understand the importance of Aon orders in the cryptocurrency market. Aon orders provide traders with a level of certainty and control over their trades, especially when dealing with large volumes. By ensuring that orders are executed in full or not at all, traders can avoid the risk of partial fills and potential price slippage. However, it's important to note that Aon orders may not be suitable for all trading strategies. Traders should carefully consider their trading objectives and the market conditions before using Aon orders or any other order types.
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