IOC killed in 3 minutes w/ SNet?

Discussion in 'Trading' started by danger68, Mar 8, 2001.

  1. danger68


    When I was reading some information about placing an IOC order through SNet, I found that the order is killed in 3 minutes if not executed.

    My first question is, what is the purpose of having an IOC order that can last for 3 minutes before being killed?

    My second question is, since SNet Preference has a 10-second minimum life for an order, can the IOC order placed through SNet be cancelled before 10 seconds?

    Thanks for your comments,