All or None Order (AON)

In a sentence

The trader placed an all or none order for 100 BTC to avoid receiving a partial fill.

• The trader placed an all or none order for 100 BTC to avoid receiving a partial fill.
• The all or none order remained open because the exchange could not fill the entire quantity.
• Using an AON instruction ensured that the purchase would execute in full or not at all.
• Low liquidity made the large all or none order difficult to complete.
• The investor canceled the all or none order after the market moved away from the limit price.