Can AON or FOK orders help minimize slippage in cryptocurrency trades?

3 answers

• QUASOOct 24, 2022 · 3 years ago
  Yes, AON (All or None) and FOK (Fill or Kill) orders can help minimize slippage in cryptocurrency trades. AON orders ensure that the entire order is executed at the specified price or not executed at all. This can prevent partial fills and reduce the chances of slippage. FOK orders, on the other hand, require the entire order to be filled immediately or canceled. By ensuring immediate execution, FOK orders can help minimize the time window during which slippage can occur. Both AON and FOK orders provide traders with more control over their trades and can be effective in reducing slippage.
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• Sachin SamalJun 01, 2021 · 4 years ago
  Absolutely! AON and FOK orders are powerful tools that can help minimize slippage in cryptocurrency trades. With AON orders, you can ensure that your order is executed in its entirety or not at all. This eliminates the risk of partial fills and reduces the chances of slippage. FOK orders, on the other hand, guarantee immediate execution or cancellation. By avoiding delays in execution, FOK orders can significantly reduce the possibility of slippage. So, if you want to minimize slippage and have more control over your trades, consider using AON or FOK orders.
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• NourAug 19, 2023 · 2 years ago
  Yes, AON and FOK orders can be effective in minimizing slippage in cryptocurrency trades. At BYDFi, we recommend using AON orders for large trades to ensure that the entire order is executed at the desired price. This can help prevent slippage caused by partial fills. FOK orders, on the other hand, are useful for trades that require immediate execution. By either filling the entire order or canceling it, FOK orders can help reduce the time window during which slippage can occur. So, if you want to minimize slippage in your cryptocurrency trades, consider using AON or FOK orders.
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