All-or-none order

简明释义

整批委托

英英释义

An all-or-none order is a type of order to buy or sell a security that must be executed in its entirety or not at all.

全有或全无订单是一种买入或卖出证券的订单,必须全部执行或者完全不执行。

例句

1.The investor placed an All-or-none order to ensure that either all shares are purchased or none at all.

投资者下了一个全有或全无订单,以确保要么全部买入股票,要么不买入。

2.When buying bonds, investors can place an All-or-none order to secure their investment.

在购买债券时,投资者可以下达全有或全无订单以确保他们的投资。

3.She decided to submit an All-or-none order for her stock purchase to avoid losing out on the deal.

她决定提交一个全有或全无订单来购买股票,以避免错失交易。

4.In a volatile market, many traders prefer to use an All-or-none order to avoid partial fills.

在波动的市场中,许多交易者倾向于使用全有或全无订单以避免部分成交。

5.The company issued a statement regarding their All-or-none order policy for large transactions.

公司就其大宗交易的全有或全无订单政策发布了声明。

作文

In the world of finance and trading, understanding various types of orders is crucial for both novice and experienced investors. One such order that stands out due to its particular characteristics is the All-or-none order. This type of order is designed to ensure that a trader's entire order is executed at once or not at all, which can be beneficial in certain market conditions. The concept behind the All-or-none order is simple: if the entire quantity of shares or contracts cannot be filled at the specified price, the order will remain unfilled. This feature can help traders avoid partial fills that might not align with their investment strategies.For instance, imagine an investor wants to purchase 1,000 shares of a company’s stock at $50 each. If the investor places a regular market order, they may end up buying only 500 shares at $50, while the remaining 500 shares might be purchased at a higher price. This situation can lead to unintended consequences, especially if the investor was relying on purchasing the entire quantity at a specific price point. By using an All-or-none order, the investor ensures that they either acquire all 1,000 shares at $50 or none at all. This approach can provide peace of mind and help maintain the integrity of the investor's strategy.However, while the All-or-none order offers certain advantages, it also comes with its own set of challenges. For example, in a rapidly changing market where prices fluctuate frequently, an All-or-none order might result in missed opportunities. If the stock price rises quickly after the order is placed, the investor may find themselves unable to buy any shares at all, as the order will not execute unless the full quantity can be acquired at the desired price. Therefore, while this type of order can protect against unfavorable partial fills, it can also limit the flexibility of a trader in a fast-paced market.Moreover, the All-or-none order is not universally available across all trading platforms or for all types of securities. Some brokers may impose restrictions on its use, especially for stocks with low liquidity. This limitation means that investors must be aware of the specific rules and capabilities of their trading platform when considering this type of order.In conclusion, the All-or-none order is a powerful tool in the arsenal of a trader. It serves to protect against partial fills and ensures that trades are executed in alignment with the trader's intentions. However, it is essential to weigh the benefits against the potential drawbacks, particularly in volatile markets. As with any trading strategy, understanding the nuances of different order types, including the All-or-none order, can significantly impact an investor's success. By employing this order wisely, traders can navigate the complexities of the market more effectively and make informed decisions that align with their financial goals.

在金融和交易的世界中,理解各种订单类型对新手和经验丰富的投资者都是至关重要的。其中一个由于其特定特征而突出的订单是全有或全无订单。这种类型的订单旨在确保交易者的整个订单一次性执行,否则将完全不执行,这在某些市场条件下可能是有利的。全有或全无订单背后的概念很简单:如果无法以指定价格填充全部数量的股票或合约,则该订单将保持未填充状态。这个特点可以帮助交易者避免那些可能与他们的投资策略不符的部分成交。例如,想象一下一个投资者希望以每股50美元的价格购买1000股公司的股票。如果投资者下了一个普通市场订单,他们可能最终只以50美元的价格购买500股,而剩下的500股可能会以更高的价格购买。这种情况可能导致意想不到的后果,尤其是当投资者依赖于在特定价格点上购买整个数量时。通过使用全有或全无订单,投资者确保他们要么以50美元购买全部1000股,要么根本不买。这种方法可以提供安心,并有助于维护投资者策略的完整性。然而,尽管全有或全无订单提供了某些优势,但它也带来了自己的挑战。例如,在价格频繁波动的快速变化市场中,全有或全无订单可能导致错失机会。如果股票价格在订单下达后迅速上涨,投资者可能发现自己根本无法购买任何股票,因为该订单不会执行,除非可以以所需价格获得全部数量。因此,虽然这种类型的订单可以保护投资者免受不利的部分成交影响,但它也可能限制交易者在快节奏市场中的灵活性。此外,全有或全无订单并非在所有交易平台或所有类型的证券中普遍可用。一些经纪人可能会对其使用施加限制,特别是对于流动性较低的股票。这一限制意味着投资者在考虑这种类型的订单时,必须了解其交易平台的具体规则和功能。总之,全有或全无订单是交易者武器库中的一种强大工具。它有助于保护投资者免受部分成交的影响,并确保交易按照投资者的意图执行。然而,重要的是要权衡利益与潜在的缺点,特别是在波动的市场中。与任何交易策略一样,理解不同订单类型的细微差别,包括全有或全无订单,可以显著影响投资者的成功。通过明智地使用这种订单,交易者可以更有效地驾驭市场的复杂性,并做出与其财务目标一致的明智决策。