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Re: kowboy post# 37074

Wednesday, 11/07/2007 3:58:20 PM

Wednesday, November 07, 2007 3:58:20 PM

Post# of 91816
AON means "all or none"

In other words, no partial fills.

You can specify AON on your buy or sell orders, and this prevents getting stick with a runt position and a very high commission on a puny trade. However, since there is a "condition" on the order the MMs can bypass it if they wish.