What is All or None Order (AON)?
Let's find out All or None Order (AON) meaning, definition in crypto, what is All or None Order (AON), and all other detailed facts.
An All or None Order (AON) is a structured order with specified steps on how it must be completed. The order is made to purchase or sell a volume of assets on an exchange. The price is always set.
It’s different from a market order and a limit order.
There are a few ways you can use these orders. In algorithmic trading, for example, to estimate the directional trend. Also, it’s a way of restricting events where only a half of the action is completed. This usually takes place during mischievous events and when a market is highly volatile with low volumes.
Another way to prevent these events and make the participants in the market confident of the set price - is by fulfilling the requirement of the order being fully completed or left undone when it is placed.