Series 3: 6.3.4.5. Fill-and-Kill (FAK)

Taken from our Series 3

6.3.4.5. Fill-and-Kill (FAK)

Fill-and-Kill orders are immediately executed for any quantity at the prevailing market price. If the order cannot be fully filled, the remaining balance is canceled. A minimum quantity can be specified. If the specified minimum quantity cannot be filled, the order is canceled. A fill or kill order may be simulated by using the FAK qualifier and setting the minimum quantity to the full amount of the order.

SUMMARY Order Placement
Price Orders	Time Orders	Cancellation Orders	Electronic Orders
Market orders	Good For Day	Straight cancel	Market-With-Protection
Limit orders	Good Till Cancelled	Cancel former order	Stop-With-Protection
Stop orders	Fill-or-Kill	One-cancels-the-other	Trade At Settlement
Stop-limit orders	Immediate-or-Cancel		Good Till Date
Stop-with-limit orders	All-or-None		Fill-and-Kill
Stop on Close orders	On-the-Opening
Market If Touched orders	On-the-Close
Spread orders	Market-On-Open

+ Read More

More Series 3 Info

What are people saying?

Create an Account

Since you're reading about Series 3: 6.3.4.5. Fill-and-Kill (FAK), you might also be interested in:

Series 7 - 3.6.37. Rule G-39—Telemarketing Rules

Series 66 - Chapter 8 Practice Questions

Series 66 - 2.4.12 Unsecured Bonds

Series 65 - Exercise

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I would heartily recommend Solomon for anyone studying for the Series 3. The materials are comprehensive, the bank of questions vast and the responsiveness to questions incredibly impressive and detailed. I passed first time and that in no small part is down to Solomon.

David Woolfenden Totem London

I initially studied using a different exam prep course (The Securities Institute of America). I waited until I consistently passed the practice exams with a score over 90% before I took the actual exam and unfortunately I failed the exam on my first attempt. I discovered and purchased the Solomon Exam Prep and immediately noticed the studying material was more in depth. I waited until my practice exam score was consistently over 85% and I went to take the actual exam and passed. Thank you so much!! (Series 3)

Joshua Turner, J.D. Turner Capital, LLC, Baltimore, MD

Great service, practice questions and mock exams were the key to passing. (Series 3)

Darragh Lenihan, Global Commodities Holdings Limited. Singapore

I passed with flying colors. Made an 83. Your material is awesome. I could not have done it without it. The book is a great start and then the online exam simulator seals the deal. Thanks for all your help...and especially for jumping to my aid over the weekend.

David Latham, Butler Snow Advisory Services, Ridgeland, MS

Joshua Turner, J.D. Turner Capital, LLC, Baltimore, MD

I had a super rough go passing this (Series 7) exam due to a number of personal circumstances, but on my third attempt, I finally passed, with 30 minutes to spare! After my second failed attempt (I failed by ONE question), I spoke to Jeremy Solomon on the phone and via email, and he provided me with some strategies to help me pass the exam once and for all. I focused heavily on rereading the study guide, and teaching concepts to my spouse so that I wasn’t just learning the information, but really understanding it to the point where I could teach it to someone else. The exam simulators are super helpful, but don’t overdo it… this really isn’t the kind of test where you can only learn by doing practice questions. Re-watching the video lectures was very helpful for me as well. I also recommend making flash cards for memorization purposes. If you fail like me, don’t give up - perseverance (and more studying) will get you to the finish line!

Molly Magnuson, CBIZ Retirement & Investment Solutions. Kansas City, MO