More details about IOC ( IMMEDIATE OR CANCEL ) order?

what exactly is IOC order ?

how to use it ?

An Immediate or Cancel (IOC) order allows a Trading Member to buy or sell a security as soon as the order is released into the market, failing which the order will be removed from the market. Partial match is possible for the order, and the unmatched portion of the order is cancelled immediately.

Source:http://www.nseindia.com/products/content/derivatives/equities/trading_system.htm

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