1. What is the FOK instruction?
FOK instruction refers to the immediate completion of all transactions or automatic cancellation;
Second, what is FAK instruction?
FAK instruction: The remaining immediate shutdown instructions will be automatically revoked.
It can be seen that the FOK instruction is more extreme, that is, all transactions should be made, and if not, the transactions should be cancelled. After futures account, investors can first apply for a simulated account to test these trading orders.
Understanding trading instructions is very helpful to futures trading, and even affects the profit and loss of trading.
3. Which futures exchanges can use FOK and FAK?
The last issue: Hawke and FAK commands can be used, which needs attention.
(1)FOK and FAK instructions should be used in combination with the price limit order provided in the previous issue, which means that the above two instructions cannot use the market price.
(2) Fokker's and FAK's orders shall not be used in call auction trading hours, but only in continuous trading hours.
CICC: FOK and FAK orders can be used for price limit, and there are special orders for market orders (first gear is profit withdrawal, first gear is profit withdrawal, fifth gear is profit withdrawal and fifth gear is profit withdrawal).
Zheng Shang Institute: The exchange only provides FAK instructions.
Big business office: Market orders and limit orders can be attached with two order attributes: FOK and FAK.
The above is the interpretation of which futures exchanges can use FOK and FAK!